Will Southwest stock go up?
The Southwest Airlines stock price prediction for tomorrow is $ 34.08, based on the current market trends. According to the prediction, the price of LUV stock will increase by 0.35% in the next day.
Currently there's no upside potential for LUV, based on the analysts' average price target. Southwest Airlines has a conensus rating of Hold which is based on 1 buy ratings, 9 hold ratings and 1 sell ratings. The average price target for Southwest Airlines is $30.09.
Stock Price Forecast
The 14 analysts with 12-month price forecasts for LUV stock have an average target of 32.57, with a low estimate of 20 and a high estimate of 47. The average target predicts a decrease of -4.51% from the current stock price of 34.11.
Future Growth
Southwest Airlines is forecast to grow earnings and revenue by 24.5% and 6% per annum respectively. EPS is expected to grow by 28.7% per annum. Return on equity is forecast to be 15.1% in 3 years.
The Southwest Airlines 52-week high stock price is 39.53, which is 16.4% above the current share price.
Dividend & Stock Split History
Southwest's Board of Directors declared the Company's first dividend on August 10, 1976. The record date was October 8, 1976 and the distribution date was October 22, 1976. For dividend information prior to 2001, please refer to the Company Reports.
Southwest Airlines stock (symbol: LUV) underwent a total of 11 stock splits.
Southwest Airlines stock has received a consensus rating of hold.
Largest shareholders include Vanguard Group Inc, Capital World Investors, Primecap Management Co/ca/, State Street Corp, BlackRock Inc., VPMCX - Vanguard PRIMECAP Fund Investor Shares, Price T Rowe Associates Inc /md/, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, ABALX - AMERICAN BALANCED FUND Class ...
When does Southwest Airlines pay dividends? Southwest Airlines pays a dividend 5 times a year. The already known payment months are January, March, July, September. The dividend calendar shows you for more than 2,800 dividend stocks in which month which company distributes its dividends.
Is Southwest Airlines financially stable?
The Dallas-based air carrier reported a $498 million profit for 2023 and record fourth-quarter and full-year operating revenues of $6.8 billion and $26.1 billion. But the air carrier isn't satisfied yet with its profitability.
Capacity will now increase 10% to 12% in 2024's first quarter, compared with prior plans for as much as 16%, the airline said in a statement Thursday as it reported third-quarter financial results. Growth will slow sequentially in each quarter of 2024, and be up no more than 8% for the full year.
The pilots have been demanding higher pay and better work rules. Union officials said the delay in getting a new contract has driven up attrition rates at the carrier, with hundreds of pilots leaving for rival airlines.
Southwest Airlines' business model is based on extremely efficient operations, low-cost pricing, and innovative logistics solutions. Furthermore, their strategy also includes a deep focus on customer experience and looking ahead. Finally, none of this would be possible without a motivated team of employees.
Southwest flight attendants used to dress in love-related costumes and serve in-flight snacks called “love bites” and “love potions,” which were essentially peanuts and co*cktails. It also helps that the company is headquartered at Dallas Love Field.
23 overall and No. 3 on the airline industry list, improving its ranking from FORTUNE's 2022 list. Southwest® has been featured consistently on the World's Most Admired Companies list since 2009.
Stanley Black & Decker: 146 years of consecutive payouts
Among publicly traded industrial stocks, none has a longer streak of paying consecutive dividends, with Stanley Black & Decker doling out payouts to investors since 1876.
Dividend Data
Southwest Airlines Co.'s ( LUV ) dividend yield is 2.1%, which means that for every $100 invested in the company's stock, investors would receive $2.10 in dividends per year. Southwest Airlines Co.'s payout ratio is 92.04% which means that 92.04% of the company's earnings are paid out as dividends.
All flight attendants dressed in love-associated costumes and passed out "love potions" and "love bites," which later became known as drinks and peanuts. When Southwest Airlines was listed on the New York Stock Exchange (NYSE), it chose the ticker symbol LUV because of the company's love potion beginnings.
However, stock splits often do lead to portfolio growth. With a forward split, the biggest advantage is that your shares can gain value more quickly. New investors can buy in more easily, allowing for faster potential growth in the company's share price.
Should I sell my Southwest stock?
Southwest Airlines Co Stock Forecast FAQ
Out of 12 analysts, 2 (16.67%) are recommending LUV as a Strong Buy, 2 (16.67%) are recommending LUV as a Buy, 8 (66.67%) are recommending LUV as a Hold, 0 (0%) are recommending LUV as a Sell, and 0 (0%) are recommending LUV as a Strong Sell.
Knowing whether to hold onto a stock or sell it can be a challenging decision. There is no universal, one-size-fits-all strategy for selling a stock. Instead, it's up to the individual investor's investment strategy based on many factors, including their risk tolerance, time horizon, and financial goals.
Unlike some airlines that rarely offer sales on fares, Southwest regularly puts flights on sale. Pretty much every Tuesday, in fact. The sales typically apply to cash bookings as well as redeeming Southwest points.
AirTran Airways acquisition
Southwest Airlines first announced the acquisition on September 27, 2010, and received final approval from the United States Department of Justice on April 27, 2011.
Fleet. Southwest Airlines is the world's largest operator of the Boeing 737. As of February 2024, the Southwest Airlines fleet consists of 821 aircraft, making it the fourth-largest commercial airline fleet in the world.
