Media headlines about SkyWest (NASDAQ:SKYW) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SkyWest earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.1968602504721 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
Shares of SkyWest (SKYW) traded up $1.65 during midday trading on Monday, reaching $55.15. The company’s stock had a trading volume of 261,488 shares, compared to its average volume of 327,510. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.36. SkyWest has a 12 month low of $30.40 and a 12 month high of $58.00. The stock has a market cap of $2,860.00, a P/E ratio of 6.83 and a beta of 1.78.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The business had revenue of $797.20 million during the quarter, compared to analysts’ expectations of $778.13 million. SkyWest had a return on equity of 12.08% and a net margin of 13.39%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. analysts anticipate that SkyWest will post 4.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Friday, March 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from SkyWest’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. SkyWest’s dividend payout ratio is 3.97%.
A number of research firms have weighed in on SKYW. Cowen boosted their price objective on SkyWest from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Raymond James Financial boosted their price objective on SkyWest from $62.00 to $65.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. BidaskClub upgraded SkyWest from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Imperial Capital lifted their target price on SkyWest from $47.00 to $55.00 and gave the company an “in-line” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $56.00.
In other SkyWest news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jerry C. Atkin sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $48.10, for a total value of $5,291,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,105 shares of company stock valued at $6,941,421. Insiders own 3.50% of the company’s stock.
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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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