Southwest Airlines (NYSE:LUV – Get Free Report) issued its quarterly earnings data on Thursday. The airline reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07, 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 $7.40 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same period in the prior year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.
Southwest Airlines Stock Up 5.6 %
Shares of LUV stock opened at $28.10 on Friday. Southwest Airlines has a twelve month low of $21.91 and a twelve month high of $36.37. The stock has a market cap of $16.82 billion, a P/E ratio of 44.60, a P/E/G ratio of 2.91 and a beta of 1.15. The stock has a 50 day moving average of $27.82 and a 200 day moving average of $29.21. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78.
Southwest Airlines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.56%. Southwest Airlines’s payout ratio is 114.29%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report 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.
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