Shares of SkyWest, Inc. (NASDAQ:SKYW) have received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $52.20.
A number of brokerages recently commented on SKYW. Zacks Investment Research cut shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday. Imperial Capital upped their price target on shares of SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 18th. Finally, Cowen restated a “buy” rating and set a $60.00 price target on shares of SkyWest in a research note on Tuesday.
Shares of SkyWest (NASDAQ:SKYW) traded up $1.50 during mid-day trading on Monday, hitting $50.75. 349,200 shares of the company were exchanged, compared to its average volume of 359,043. The stock has a market cap of $2,630.00, a PE ratio of -19.52 and a beta of 1.77. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. SkyWest has a 12 month low of $30.40 and a 12 month high of $54.85.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.03. The company had revenue of $831.93 million for the quarter, compared to analysts’ expectations of $817.43 million. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. SkyWest’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. sell-side analysts anticipate that SkyWest will post 3.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 29th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, December 28th. SkyWest’s dividend payout ratio (DPR) is presently -12.31%.
In related news, insider Wade J. Steel sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $47.00, for a total transaction of $211,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Terry Vais sold 12,075 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $51.52, for a total transaction of $622,104.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,239 shares of company stock worth $7,512,577 in the last ninety days. 3.50% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Amalgamated Bank increased its holdings in shares of SkyWest by 1.6% in the 2nd quarter. Amalgamated Bank now owns 6,926 shares of the transportation company’s stock worth $243,000 after buying an additional 110 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of SkyWest by 1.5% in the 2nd quarter. SG Americas Securities LLC now owns 9,262 shares of the transportation company’s stock worth $325,000 after buying an additional 133 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of SkyWest by 1.2% in the 2nd quarter. Stifel Financial Corp now owns 18,898 shares of the transportation company’s stock worth $662,000 after buying an additional 224 shares during the last quarter. Suntrust Banks Inc. increased its holdings in shares of SkyWest by 3.5% in the 2nd quarter. Suntrust Banks Inc. now owns 8,419 shares of the transportation company’s stock worth $295,000 after buying an additional 286 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of SkyWest by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock worth $156,000 after buying an additional 419 shares during the last quarter. 90.75% of the stock is currently owned by institutional investors and hedge funds.
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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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