Headlines about SkyWest (NASDAQ:SKYW) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group 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 -1 to 1, with scores nearest to one being the most favorable. SkyWest earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 47.9448888959905 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- SkyWest (SKYW) Hits 52-Week High: Is More Upside Left? (finance.yahoo.com)
- Should You Be Tempted To Buy SkyWest Inc (NASDAQ:SKYW) At Its Current PE Ratio? (finance.yahoo.com)
- Q1 Unit Revenue Projections Impress: 4 Solid Airline Picks – Nasdaq (nasdaq.com)
- Crossmark Global Holdings Inc. Reduces Position in SkyWest, Inc. (NASDAQ:SKYW) – Newburgh Gazette (newburghgazette.com)
- Are Analysts Bullish SkyWest, Inc. (NASDAQ:SKYW) After Last Week? – Gоldmаn Blоg (blog) (goldmanblog.com)
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Imperial Capital increased their target price on SkyWest from $47.00 to $55.00 and gave the stock an “in-line” rating in a report on Tuesday, February 6th. BidaskClub cut SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Cowen increased their target price on SkyWest from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Raymond James Financial increased their target price on SkyWest from $62.00 to $65.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.00.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $797.20 million during 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. equities analysts anticipate that SkyWest will post 4.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Friday, March 30th will be given a $0.10 dividend. 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 0.67%. The ex-dividend date of this dividend is Wednesday, March 28th. SkyWest’s dividend payout ratio is presently 3.97%.
In other news, COO Terry Vais sold 5,800 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $56.00, for a total transaction of $324,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Woodward sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were 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. Insiders sold a total of 49,639 shares of company stock valued at $2,781,474 over the last three months. 3.50% of the stock is currently owned by insiders.
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.
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.