Southwest Airlines (NYSE:LUV – Get Free Report) announced its quarterly earnings data on Thursday. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02), RTT News reports. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) earnings per share.
Southwest Airlines Stock Performance
Shares of LUV opened at $27.26 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 1.07. The firm has a 50-day moving average of $30.48 and a 200-day moving average of $28.53. The company has a market cap of $16.31 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.15. Southwest Airlines has a one year low of $21.91 and a one year high of $39.53.
Southwest Airlines Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines’s payout ratio is presently 96.00%.
Analyst Ratings Changes
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.
Featured Stories
- Five stocks we like better than Southwest Airlines
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Semiconductor Shakeout: Finding Potential Amidst Turmoil
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Hasbro’s Management Made All the Right Calls This Quarter
- Stock Market Upgrades: What Are They?
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
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.