Shares of SkyWest, Inc. (NASDAQ:SKYW) have received an average rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $60.00.
SKYW has been the subject of several analyst reports. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Thursday, April 5th. BidaskClub lowered shares of SkyWest from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. Cowen reiterated a “buy” rating and set a $60.00 price objective on shares of SkyWest in a report on Tuesday, January 9th. Finally, Imperial Capital lifted their price objective on shares of SkyWest from $47.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, February 6th.
In related news, insider Eric Woodward sold 4,500 shares of SkyWest stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $56.90, for a total transaction of $256,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Terry Vais sold 5,800 shares of SkyWest stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $56.00, for a total transaction of $324,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,639 shares of company stock valued at $2,781,474 in the last quarter. 3.50% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of SKYW. Envestnet Asset Management Inc. raised its holdings in shares of SkyWest by 218.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,069 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 3,478 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of SkyWest by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 174,774 shares of the transportation company’s stock valued at $7,673,000 after purchasing an additional 2,633 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of SkyWest by 6.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the transportation company’s stock valued at $1,184,000 after purchasing an additional 1,300 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of SkyWest by 0.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 481,899 shares of the transportation company’s stock valued at $25,589,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of SkyWest in the 4th quarter valued at about $298,000. Institutional investors and hedge funds own 89.68% of the company’s stock.
SkyWest stock opened at $56.35 on Wednesday. The stock has a market capitalization of $2,978.63, a PE ratio of 16.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 1.07. SkyWest has a 12-month low of $31.75 and a 12-month high of $60.65.
SkyWest (NASDAQ:SKYW) last released its earnings results 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 firm had revenue of $797.20 million during the quarter, compared to analyst estimates of $778.13 million. SkyWest had a net margin of 13.39% and a return on equity of 12.08%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. research analysts forecast that SkyWest will post 4.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Friday, March 30th were issued a dividend of $0.10 per share. This is a positive change from SkyWest’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, March 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. SkyWest’s dividend payout ratio (DPR) is presently 11.66%.
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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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