News headlines about SkyWest (NASDAQ:SKYW) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SkyWest earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.9240702063321 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
SKYW has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Wednesday, November 22nd. Deutsche Bank upped their target price on SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Imperial Capital upped their target price on SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a report on Tuesday, October 31st. ValuEngine cut SkyWest from a “strong-buy” rating to a “buy” rating in a report on Monday, September 4th. Finally, Cowen reissued an “outperform” rating and issued a $44.00 price target (up previously from $40.00) on shares of SkyWest in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the stock. SkyWest currently has an average rating of “Buy” and a consensus target price of $48.33.
SkyWest (NASDAQ SKYW) opened at $50.80 on Friday. SkyWest has a fifty-two week low of $30.40 and a fifty-two week high of $52.95. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $2,698.40, a P/E ratio of 16.52 and a beta of 1.77.
SkyWest (NASDAQ:SKYW) last posted its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share 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 analyst estimates of $817.43 million. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. sell-side analysts forecast that SkyWest will post 3.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. SkyWest’s dividend payout ratio (DPR) is currently -12.26%.
In other news, Director Jerry C. Atkin sold 110,000 shares of SkyWest stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $48.10, for a total value of $5,291,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Terry Vais sold 12,075 shares of SkyWest stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $51.52, for a total value of $622,104.00. The disclosure for this sale can be found here. Insiders have sold 154,239 shares of company stock worth $7,512,577 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.
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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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