SkyWest (SKYW) Earning Somewhat Positive Media Coverage, Study Finds

Press coverage about SkyWest (NASDAQ:SKYW) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SkyWest earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 45.4098141255335 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

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NASDAQ:SKYW opened at $54.75 on Friday. The stock has a market cap of $2,892.55, a P/E ratio of 15.96 and a beta of 1.68. SkyWest has a 52-week low of $30.40 and a 52-week high of $60.65. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 1.36.

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 analysts’ consensus estimates of $0.71 by $0.10. The firm had revenue of $797.20 million for the quarter, compared to analyst estimates of $778.13 million. SkyWest had a return on equity of 12.08% and a net margin of 13.39%. SkyWest’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. sell-side analysts anticipate that SkyWest will post 4.39 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, March 28th. SkyWest’s payout ratio is presently 11.66%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Thursday. BidaskClub upgraded shares of SkyWest from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Cowen restated a “buy” rating and set a $60.00 price objective on shares of SkyWest in a research note on Tuesday, January 9th. Raymond James Financial lifted their price objective 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. Finally, ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. SkyWest currently has a consensus rating of “Buy” and a consensus price target of $56.67.

In related news, CFO Robert J. Simmons sold 39,339 shares of SkyWest stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $55.94, for a total transaction of $2,200,623.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric Woodward sold 4,500 shares of SkyWest stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.90, for a total value of $256,050.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,639 shares of company stock worth $2,781,474. 3.50% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for SkyWest (NASDAQ:SKYW)

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