Shares of SkyWest, Inc. (NASDAQ:SKYW) have received an average recommendation of “Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $67.63.
A number of research analysts recently commented on the company. Imperial Capital reiterated an “outperform” rating and issued a $74.00 price objective (up from $69.00) on shares of SkyWest in a report on Tuesday, April 30th. Stifel Nicolaus assumed coverage on SkyWest in a report on Monday, April 15th. They issued a “buy” rating and a $68.00 price objective on the stock. ValuEngine cut SkyWest from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Evercore ISI reiterated a “buy” rating and issued a $72.00 price objective on shares of SkyWest in a report on Thursday, August 8th. Finally, BidaskClub cut SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th.
In other SkyWest news, insider Wade J. Steel sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.78, for a total value of $668,580.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Russell A. Childs sold 17,853 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $60.39, for a total value of $1,078,142.67. The disclosure for this sale can be found here. In the last three months, insiders sold 87,634 shares of company stock worth $5,319,783. 3.60% of the stock is owned by corporate insiders.
SKYW traded up $0.23 during trading hours on Tuesday, reaching $55.83. The company’s stock had a trading volume of 133,765 shares, compared to its average volume of 235,493. SkyWest has a fifty-two week low of $42.38 and a fifty-two week high of $65.80. The stock has a market cap of $2.86 billion, a PE ratio of 10.53 and a beta of 1.59. The business has a 50-day moving average of $60.03. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.11. SkyWest had a return on equity of 15.47% and a net margin of 10.53%. The firm had revenue of $725.34 million for the quarter, compared to analysts’ expectations of $736.71 million. During the same period in the prior year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that SkyWest will post 6.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, September 27th. SkyWest’s payout ratio is 9.06%.
SkyWest Company Profile
SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.
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