In last trading session, Southwest Airlines Co (NYSE:LUV) saw 6.35 million shares changing hands with its beta currently measuring 1.14. Company’s recent per share price level of $28.52 trading at $0.56 or 2.00% at ring of the bell on the day assigns it a market valuation of $17.02B. That closing price of LUV’s stock is at a discount of -38.6% from its 52-week high price of $39.53 and is indicating a premium of 23.18% from its 52-week low price of $21.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.37 million shares which gives us an average trading volume of 8.47 million if we extend that period to 3-months.
Southwest Airlines Co (NYSE:LUV) trade information
Upright in the green during last session for gaining 2.00%, in the last five days LUV remained trading in the green while hitting it’s week-highest on Wednesday, 04/10/24 when the stock touched $28.52 price level, adding 2.16% to its value on the day. Southwest Airlines Co’s shares saw a change of -1.25% in year-to-date performance and have moved 1.97% in past 5-day. Southwest Airlines Co (NYSE:LUV) showed a performance of -0.83% in past 30-days. Number of shares sold short was 16.1 million shares which calculate 1.82 days to cover the short interests.
Southwest Airlines Co (LUV) estimates and forecasts
Statistics highlight that Southwest Airlines Co is scoring comparatively lower than the scores of other players of the relevant industry. The company added 7.02% of value to its shares in past 6 months, showing an annual growth rate of -1.91% while that of industry is -1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -29.60% in the current quarter and calculating -25.70% decrease in the next quarter. This year revenue growth is estimated to rise 9.00% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.43 billion for the same. And 12 analysts are in estimates of company making revenue of $7.66 billion in the next quarter that will end on Jun 2024. Company posted $5.73 billion and $7.04 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 12.40% while estimating it to be 8.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -29.89% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -6.35% while estimates for its earnings growth in next 5 years are of 20.61%.
LUV Dividends
Southwest Airlines Co is more likely to be releasing its next quarterly report on April 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Southwest Airlines Co (NYSE:LUV)’s Major holders
Insiders are in possession of 0.34% of company’s total shares while institution are holding 81.61 percent of that, with stock having share float percentage of 81.89%. Investors also watch the number of corporate investors in a company very closely, which is 81.61% institutions for Southwest Airlines Co that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at LUV for having 65.99 million shares of worth $2.39 billion. And as of Jun 29, 2023, it was holding 11.08% of the company’s outstanding shares.
The second largest institutional holder is Primecap Management Company, which was holding about 50.05 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.40% of outstanding shares, having a total worth of $1.81 billion.
On the other hand, Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 25.44 million shares of worth $921.26 million or 4.27% of the total outstanding shares. The later fund manager was in possession of 18.54 million shares on Jun 29, 2023, making its stake of worth around $671.21 million in the company or a holder of 3.11% of company’s stock.
