SkyWest, Inc. (NASDAQ:SKYW) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $65.57.
A number of research firms have weighed in on SKYW. Deutsche Bank upped their target price on SkyWest from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. ValuEngine downgraded SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. BidaskClub upgraded SkyWest from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Zacks Investment Research downgraded SkyWest from a “strong-buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Imperial Capital reiterated an “in-line” rating and set a $58.00 target price on shares of SkyWest in a report on Friday, November 2nd.
NASDAQ:SKYW traded down $0.97 during mid-day trading on Thursday, reaching $52.84. 242,200 shares of the company’s stock traded hands, compared to its average volume of 243,570. SkyWest has a 12-month low of $46.99 and a 12-month high of $65.80. The company has a market cap of $2.79 billion, a PE ratio of 15.41 and a beta of 1.52. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.15 and a quick ratio of 1.02.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.17. SkyWest had a return on equity of 13.99% and a net margin of 15.65%. The company had revenue of $829.00 million for the quarter, compared to the consensus estimate of $825.57 million. During the same quarter in the previous year, the business earned $1.01 EPS. SkyWest’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that SkyWest will post 5.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. SkyWest’s dividend payout ratio (DPR) is 11.66%.
Several hedge funds have recently bought and sold shares of SKYW. BlackRock Inc. grew its holdings in shares of SkyWest by 7.2% during the 2nd quarter. BlackRock Inc. now owns 6,979,037 shares of the transportation company’s stock worth $362,211,000 after acquiring an additional 470,480 shares during the period. Morgan Stanley grew its stake in shares of SkyWest by 81.6% in the 3rd quarter. Morgan Stanley now owns 522,121 shares of the transportation company’s stock worth $30,754,000 after buying an additional 234,672 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of SkyWest by 10.1% in the 2nd quarter. Renaissance Technologies LLC now owns 2,160,068 shares of the transportation company’s stock worth $112,108,000 after buying an additional 199,000 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of SkyWest by 26.5% in the 3rd quarter. Wells Fargo & Company MN now owns 708,396 shares of the transportation company’s stock worth $41,724,000 after buying an additional 148,199 shares during the last quarter. Finally, Copper Rock Capital Partners LLC grew its stake in shares of SkyWest by 25.6% in the 3rd quarter. Copper Rock Capital Partners LLC now owns 477,771 shares of the transportation company’s stock worth $28,260,000 after buying an additional 97,401 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.
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.
Featured Story: Risk Tolerance
Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.