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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%)

09/07/18
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%.
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
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.
09/27/18
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.

TODAY'S FREE FLY STORIES

BCYC

Bicycle Therapeutics

$0.00

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IDYA

IDEAYA Biosciences

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MDT

Medtronic

$89.02

1.22 (1.39%)

, HRL

Hormel Foods

$39.48

-0.33 (-0.83%)

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BBY

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BJ

BJ's Wholesale

$26.50

0.94 (3.68%)

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HFC

HollyFrontier

$42.69

-1.45 (-3.29%)

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PS

Pluralsight

$33.43

-0.58 (-1.71%)

, MSFT

Microsoft

$127.67

0.77 (0.61%)

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Pluralsight

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MSFT

Microsoft

$127.67

0.77 (0.61%)

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GTE

Gran Tierra

$2.09

-0.03 (-1.42%)

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PGR

Progressive

$80.47

0.44 (0.55%)

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CRM

Salesforce

$157.60

1.83 (1.17%)

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

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RNG

RingCentral

$122.58

0.14 (0.11%)

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    Nov

LB

L Brands

$24.29

1.605 (7.08%)

, VIPS

Vipshop

$7.75

0.095 (1.24%)

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$24.29

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CPRT

Copart

$64.99

-0.91 (-1.38%)

CTRP

Ctrip

$37.78

-0.09 (-0.24%)

SNPS

Synopsys

$115.10

-0.63 (-0.54%)

AVP

Avon Products

$4.07

0.875 (27.39%)

GILD

Gilead

$67.25

0.73 (1.10%)

IOVA

Iovance Biotherapeutics

$17.71

1.5 (9.25%)

AMGN

Amgen

$173.23

3.61 (2.13%)

NTAP

NetApp

$62.58

-7.43 (-10.61%)

SCVL

Shoe Carnival

$29.65

-2.6 (-8.06%)

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

ONVO

Organovo

$0.78

-0.158 (-16.84%)

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HMC

Honda

$25.54

-0.17 (-0.66%)

, TKTDY

Takata

$0.00

(0.00%)

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TKTDY

Takata

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  • 05

    Jun

DSNKY

Daiichi Sankyo

$0.00

(0.00%)

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  • 31

    May

SPOT

Spotify

$127.10

-5.06 (-3.83%)

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Periodicals
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IDXX

Idexx Laboratories

$250.45

1.24 (0.50%)

18:20
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  • 05

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OMC

Omnicom

$79.79

-0.3 (-0.37%)

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BSX

Boston Scientific

$37.74

0.04 (0.11%)

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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:03
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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:02
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CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:01
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CE

Celanese

$100.10

-0.18 (-0.18%)

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

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  • 22

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SIM

Grupo Simec

$9.23

(0.00%)

17:55
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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
05/22/19
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Earnings
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NVS

Novartis

$83.94

1.555 (1.89%)

17:51
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