SkyWest, Inc. (NASDAQ:SKYW) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $55.80.
Several equities analysts have recently issued reports on SKYW shares. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Wednesday, November 22nd. Imperial Capital raised their price target on shares of SkyWest from $47.00 to $55.00 and gave the company an “in-line” rating in a research note on Tuesday, February 6th. ValuEngine raised shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. BidaskClub downgraded shares of SkyWest from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Finally, Raymond James Financial raised their price target on shares of SkyWest from $62.00 to $65.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th.
In related news, 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 transaction of $622,104.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by company insiders.
SkyWest (NASDAQ:SKYW) traded down $1.25 during mid-day trading on Tuesday, hitting $56.10. 202,416 shares of the stock traded hands, compared to its average volume of 295,395. The company has a market capitalization of $2,921.33, a P/E ratio of 6.95 and a beta of 1.78. SkyWest has a 12-month low of $30.40 and a 12-month high of $58.55. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 1.09.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm had revenue of $797.20 million during the quarter, compared to the consensus estimate of $778.13 million. SkyWest had a net margin of 13.39% and a return on equity of 12.08%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. sell-side analysts expect that SkyWest will post 4.39 earnings per share 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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from SkyWest’s previous quarterly dividend of $0.08. SkyWest’s dividend payout ratio (DPR) is currently 3.97%.
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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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