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LUV

Southwest

$49.55

-5.03 (-9.22%)

09:59
10/25/18
10/25
09:59
10/25/18
09:59

Southwest sees Q4 RASM up 1%-2%

The company's third quarter 2018 year-over-year RASM increase included an approximate one point headwind from the change in the Rapid Rewards revenue recognition method as a result of the company's adoption of the New Revenue Standard. The company continues to expect an immaterial impact to its fourth quarter and annual 2018 year-over-year RASM trends as a result of the New Revenue Standard. The company estimates its effective tax rate to be approximately 23% for annual 2018. For annual 2019, the company estimates its effective tax rate to be approximately 23.5%. The Company continues to estimate its annual 2018 capital expenditures to be in the $2.0 to $2.1 billion range. For annual 2019, capital expenditures are expected to be similar to 2018 levels. The Company now expects its annual 2018 year-over-year ASM growth to be approximately four percent, slightly lower than previously expected, due primarily to the third quarter 2018 weather cancellations. The Company now expects fourth quarter 2018 year-over-year ASM growth to be in the 6.0 to 6.5 percent range.

  • 25

    Oct

LUV Southwest
$49.55

-5.03 (-9.22%)

09/27/18
IMPC
09/27/18
NO CHANGE
Target $66
IMPC
In-Line
Southwest price target raised to $66 from $60 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target for Southwest Airlines to $66 and maintains an In-Line rating on the shares. Southwest is likely to benefit from lower industry capacity and potentially higher domestic fares to offset higher fuel prices, Derchin tells investors in a research note. He believes, however, that the stock is fairly valued.
09/07/18
09/07/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) upgraded to Outperform from In Line at Evercore ISI with analyst Stephen Richardson saying tailwinds including improvement of in-basin demand/supply fundamentals as well as shifts in timing of incremental takeaway capacity positions Cabot as a re-emerging high growth E&P. 2. AK Steel (AKS) upgraded to Buy from Underperform at BofA/Merrill with analyst Timna Tanners saying he is now modeling 2019 spot benchmark hot rolled coil at 750/short ton versus $700 previously and expects 85% of AK Steel's sheet business that is on fixed-price contracts will have a substantial increase in 2019. 3. Five Below (FIVE) upgraded to Buy at Gordon Haskett. 4. Southwest (LUV) upgraded to Buy from Hold at Argus with analyst John Staszak citing the recent improvements in domestic airline fares along with the positive outlook for stronger revenue per seat mile, or RASM, in the coming quarters. 5. Acuity Brands (AYI) upgraded to Outperform from Neutral at Baird with with analyst Timothy Wojs saying his lighting survey shows accelerating industry volumes and a stabilizing pricing environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/18
BUCK
09/07/18
NO CHANGE
Target $71
BUCK
Buy
Supply/demand in airline sector 'steady,' fundamentals 'sound,' says Buckingham
Following a recent look at booking and capacity in the airline sector, Buckingham analyst Daniel McKenzie maintained his ratings on U.S. airline stocks, while lifting valuation outlooks for Delta (DAL), Hawaiian (HA), Southwest (LUV) and United (UAL). In a research note to investors, McKenzie says that the supply/demand dynamic remains steady and fundamentals remain sound, though likely trade on macro from here until the airlines update again. The analyst also says that strong underlying demand, moderating capacity into 2019 and continued execution on revenue initiatives should help drive better sentiment and multiple expansion in the stocks through the end of the year. The analyst raised his price target for Delta to $71 from $64, for United to $108 from $106, for Hawaiian to $39 from $35 and for Southwest to $73 from $69.
09/07/18
ARGS
09/07/18
UPGRADE
Target $73
ARGS
Buy
Southwest upgraded to Buy from Hold at Argus
Argus analyst John Staszak upgraded Southwest Airlines to Buy from Hold with a $73 price target, citing the recent improvements in domestic airline fares along with the positive outlook for stronger revenue per seat mile, or RASM, in the coming quarters. The analyst also notes Southwest's operational upgrades, with expected revenue contribution from the "sale of boarding slots, improvements in the frequent-flier program, a new reservation system, and a new credit card agreement with Chase." Staszak raises his FY19 EPS view to $5.15 from $5.10 and also expects the airline's Q3 RASM to come in at the top of the management's prior guidance of -1% to +1%.

TODAY'S FREE FLY STORIES

SFM

Sprouts Farmers Market

$19.52

0.14 (0.72%)

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NAKD

Naked Brand Group

$0.27

0.0025 (0.93%)

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HPQ

HP Inc.

$20.85

0.22 (1.07%)

16:57
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CPT

Camden Property

$107.61

0.57 (0.53%)

16:54
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COMM

CommScope

$16.00

0.38 (2.43%)

16:52
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CommScope's distributed antenna system patents upheld in favorable ruling »

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  • 21

    Jun

INVH

Invitation Homes

$27.68

-0.07 (-0.25%)

16:50
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16:50
Syndicate
Invitation Homes announces offering of 37.5M shares of common stock for holders »

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EGY

VAALCO Energy

$1.55

0.03 (1.97%)

16:46
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ENTG

Entegris

$38.50

1.36 (3.66%)

, INTC

Intel

$47.16

0.08 (0.17%)

16:45
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Initiation
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ENTG

Entegris

$38.50

1.36 (3.66%)

INTC

Intel

$47.16

0.08 (0.17%)

TSM

TSMC

$40.52

1.11 (2.82%)

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  • 09

    Jul

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    Jul

16:38
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16:38
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16:38
General news
Money Supply M2 Weekly Change data reported »

Week of 6/10 Money Supply…

LH

LabCorp

$168.01

-1.54 (-0.91%)

16:37
06/20/19
06/20
16:37
06/20/19
16:37
Upgrade
LabCorp rating change at Deutsche Bank »

LabCorp upgraded to Buy…

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  • 20

    Jun

FNKO

Funko

$24.25

2.02 (9.09%)

16:35
06/20/19
06/20
16:35
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16:35
Initiation
Funko initiated  »

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  • 25

    Jun

HSIC

Henry Schein

$70.96

-1.06 (-1.47%)

16:35
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Henry Schein CFO Steven Paladino sells almost $1.5M in company shares »

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16:34
06/20/19
06/20
16:34
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16:34
General news
Fed Balance Sheet Level data reported »

Week of 6/19 Fed Balance…

CTRV

ContraVir Pharmaceuticals

$4.27

-0.485 (-10.21%)

16:34
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MTX

Minerals Technologies

$59.21

0.34 (0.58%)

16:31
06/20/19
06/20
16:31
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16:31
Hot Stocks
Minerals Technologies initiates restructuring program through staff cuts »

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16:30
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Options
Preliminary option volume of 26.6M today »

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MTX

Minerals Technologies

$59.21

0.34 (0.58%)

16:28
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Earnings
Breaking Earnings news story on Minerals Technologies »

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YUMA

Yuma Energy

$0.21

0.0013 (0.63%)

16:26
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CHWY

Chewy

$34.18

-0.71 (-2.04%)

16:24
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ORCL

Oracle

$57.02

4.33 (8.22%)

, WORK

Slack Technologies

$38.69

(0.00%)

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ORCL

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$57.02

4.33 (8.22%)

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NBL

Noble Energy

$21.74

1.25 (6.10%)

HFC

HollyFrontier

$43.66

2.19 (5.28%)

HAL

Halliburton

$22.88

1.07 (4.91%)

BHGE

Baker Hughes

$24.36

1.04 (4.46%)

VTR

Ventas

$71.73

2.08 (2.99%)

CCL

Carnival

$48.82

-4.03 (-7.63%)

MAC

Macerich

$34.12

-0.85 (-2.43%)

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    Nov

RHT

Red Hat

$188.30

0.3 (0.16%)

16:23
06/20/19
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16:23
Hot Stocks
Red Hat reports Q1 subscription revenue $815M, up 15% from last year »

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OFC

Corporate Office Properties

$28.95

0.01 (0.03%)

, BX

Blackstone

$44.85

-0.04 (-0.09%)

16:22
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OFC

Corporate Office Properties

$28.95

0.01 (0.03%)

BX

Blackstone

$44.85

-0.04 (-0.09%)

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RHT

Red Hat

$188.30

0.3 (0.16%)

16:21
06/20/19
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Earnings
Red Hat reports Q1 EPS $1.00, consensus 86c »

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FWRD

Forward Air

$58.98

0.28 (0.48%)

16:20
06/20/19
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Earnings
Forward Air sees Q2 EPS about 15% below low-end previous view »

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  • 27

    Jun

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    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for June 20th »

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