Southwest Airlines (NYSE:LUV – Get Free Report) posted its earnings results on Thursday. The airline reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07, RTT News reports. Southwest Airlines had a return on equity of 5.92% and a net margin of 0.41%. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.32 billion. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.
Southwest Airlines Stock Down 3.0 %
LUV traded down $0.85 on Friday, reaching $27.23. 13,132,906 shares of the company traded hands, compared to its average volume of 10,055,514. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 3.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.90 and a quick ratio of 1.02. The stock’s 50 day moving average price is $27.80 and its 200-day moving average price is $29.20. Southwest Airlines has a 52-week low of $21.91 and a 52-week high of $35.18.
Southwest Airlines Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Tuesday, June 18th. Southwest Airlines’s dividend payout ratio (DPR) is 114.29%.
Analyst Ratings Changes
Check Out Our Latest Report on Southwest Airlines
About Southwest Airlines
Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
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