Southwest Airlines (NYSE:LUV – Get Free Report) announced its quarterly earnings results on Thursday. The airline reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07, RTT News reports. Southwest Airlines had a net margin of 0.41% and a return on equity of 5.92%. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Southwest Airlines’s quarterly revenue was up 5.2% compared to the same quarter last year.
Southwest Airlines Price Performance
LUV traded down $0.85 on Friday, hitting $27.23. 13,132,906 shares of the company were exchanged, compared to its average volume of 10,055,514. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 0.90. The business’s fifty day moving average is $27.80 and its 200 day moving average is $29.20. Southwest Airlines has a fifty-two week low of $21.91 and a fifty-two week high of $35.18. The firm has a market capitalization of $16.30 billion, a P/E ratio of 43.22, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15.
Southwest Airlines Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 19th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, June 18th. This represents a $0.72 annualized dividend and a yield of 2.64%. Southwest Airlines’s payout ratio is currently 114.29%.
Analyst Upgrades and Downgrades
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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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