Southwest Airlines (NYSE:LUV – Get Free Report) issued its quarterly earnings results on Thursday. The airline reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02), RTT News reports. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period last year, the company posted ($0.27) EPS. The business’s revenue was up 11.0% on a year-over-year basis.
Southwest Airlines Trading Down 0.8 %
LUV opened at $27.04 on Friday. Southwest Airlines has a twelve month low of $21.91 and a twelve month high of $39.53. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $30.34 and a 200-day moving average of $28.53. The stock has a market cap of $16.17 billion, a PE ratio of 42.91, a price-to-earnings-growth ratio of 0.96 and a beta of 1.15.
Southwest Airlines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines’s dividend payout ratio (DPR) is presently 114.29%.
Analysts Set New Price Targets
View Our Latest Analysis on LUV
Southwest Airlines Company Profile
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.
Further Reading
- Five stocks we like better than Southwest Airlines
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- MarketBeat Week in Review – 4/22 – 4/26
- 3 Fintech Stocks With Good 2021 Prospects
- 3 Stocks Leading the U.S. Agriculture Comeback
- CD Calculator: Certificate of Deposit Calculator
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.