Southwest Airlines Co. (LUV) experienced unusually high volume on Jul. 01, as the stock lost 1.42% to a closing price of $32.62.
Advertisement
Shares of Southwest Airlines Company (NYSE:LUV) ended Wednesday session in red amid volatile trading. The company has a market cap of $21.38B and a P/E ratio of 15.6. Analysts at Morgan Stanley initiated coverage on shares of Southwest Airlines in a research note on Tuesday, June 23rd. Brokerages covering the stock are now expecting the firm to earn $1.03 per share based on the 11 covering brokerages weighted into that average. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $9.09. The airline reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.01. “Each day and on every flight, our Flight Attendants bring Southwest’s goal to life for our Customers-connecting them to what’s important in their lives through friendly, reliable, and low-priced air travel”. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.41 billion. For the week, the shares have posted returns of -1.85%.A block trade registered during the day has revealed $6.11 million in upticks and $16.91 million in downticks.
The company shares have rallied 26.46% from its 1 Year high price. On average, analysts predict that Southwest Airlines will post $3.34 earnings per share for the current fiscal year.
ACE Limited (NYSE:ACE) and The Chubb Corporation (CB) recently proclaimed that the Boards of Directors of both companies have unanimously approved a definitive agreement under which ACE will acquire Chubb. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.5078125 for each receipt held. The company has increased +0.70% and traded within the range of $101.35 – $110.84 for the day. The ex-dividend date was Monday, June 1st.
Southwest Airlines (NYSE:LUV) operates passenger airlines that provide scheduled air transportation services in the United States and near-international markets. United Airlines is the only carrier now offering nonstop service from Burbank to San Francisco.
Separately, TheStreet Ratings team rates SOUTHWEST AIRLINES as a Buy with a ratings score of A-.
Advertisement
Southwest Airlines Vice President of Cabin Services Mike Hafner said, “We have the finest Flight Attendants in the industry”. AirTran, operates through a hub-and-spoke network system with flights originating and terminating at Hartsfield-Jackson Atlanta global Airport. AirTran continues to service cities within the United States as well as the Company’s worldwide markets. The Company provides connection of the Southwest and AirTran networks enabling the customers to fly between combined Southwest and AirTran destinations.
