BidaskClub cut shares of SkyWest (NASDAQ:SKYW) from a hold rating to a sell rating in a research report sent to investors on Thursday, September 20th.
A number of other research analysts have also recently issued reports on the stock. ValuEngine cut shares of SkyWest from a buy rating to a hold rating in a report on Wednesday, September 19th. Zacks Investment Research cut shares of SkyWest from a hold rating to a sell rating in a research note on Tuesday, July 10th. Imperial Capital raised their price objective on shares of SkyWest from $60.00 to $63.00 and gave the stock an inline rating in a research note on Monday, July 30th. Finally, Cowen raised their price objective on shares of SkyWest from $63.00 to $66.00 and gave the stock an outperform rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. SkyWest has an average rating of Buy and an average price target of $63.60.
NASDAQ:SKYW traded up $0.33 during mid-day trading on Thursday, reaching $50.48. The stock had a trading volume of 200,688 shares, compared to its average volume of 235,542. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 1.41. The company has a market cap of $3.07 billion, a P/E ratio of 14.72 and a beta of 1.64. SkyWest has a twelve month low of $42.85 and a twelve month high of $65.80.
SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 26th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.20. SkyWest had a net margin of 14.73% and a return on equity of 13.20%. The company had revenue of $805.50 million during the quarter, compared to analysts’ expectations of $795.19 million. During the same period last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that SkyWest will post 4.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Friday, September 28th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.40 annualized dividend and a yield of 0.79%. SkyWest’s payout ratio is currently 11.66%.
In other SkyWest news, COO Terry Vais sold 1,600 shares of SkyWest stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $64.43, for a total value of $103,088.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Russell A. Childs sold 22,074 shares of SkyWest stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $59.79, for a total transaction of $1,319,804.46. The disclosure for this sale can be found here. Insiders sold a total of 107,455 shares of company stock valued at $6,468,863 over the last ninety days. 3.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC acquired a new position in shares of SkyWest during the 1st quarter valued at $105,000. Meeder Asset Management Inc. lifted its holdings in shares of SkyWest by 403.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,598 shares of the transportation company’s stock valued at $187,000 after acquiring an additional 2,883 shares in the last quarter. Natixis acquired a new position in shares of SkyWest during the 1st quarter valued at $207,000. CAMG Solamere Management LLC acquired a new position in shares of SkyWest during the 1st quarter valued at $216,000. Finally, Burney Co. acquired a new position in shares of SkyWest during the 2nd quarter valued at $229,000. Institutional investors own 89.15% of the company’s stock.
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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