SkyWest Inc. (SKYW) Trading 2.9% Higher
SkyWest Inc. (NASDAQ:SKYW) traded up 2.9% on Tuesday . The stock traded as high as $28.30 and last traded at $28.13, with a volume of 247,395 shares. The stock had previously closed at $27.34.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, August 2nd. Deutsche Bank AG upped their price objective on shares of SkyWest from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Raymond James Financial Inc. raised shares of SkyWest from a “mkt perform” rating to an “outperform” rating in a report on Wednesday, June 1st. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $28.40.
The company has a market capitalization of $1.46 billion and a price-to-earnings ratio of 10.19. The firm has a 50 day moving average of $28.11 and a 200-day moving average of $23.31.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. During the same period in the prior year, the company posted $0.61 earnings per share. The business earned $801.34 million during the quarter, compared to the consensus estimate of $764.04 million. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that SkyWest Inc. will post $2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 30th will be given a $0.05 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.20 annualized dividend and a yield of 0.71%.
In other SkyWest news, Director Henry J. Eyring sold 6,267 shares of the stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $11.49, for a total transaction of $72,007.83. Following the completion of the transaction, the director now directly owns 35,549 shares in the company, valued at $408,458.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerry C. Atkin sold 13,000 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $23.85, for a total value of $310,050.00. Following the transaction, the director now owns 777,256 shares of the company’s stock, valued at $18,537,555.60. The disclosure for this sale can be found here.
Skywest, Inc is a holding company for approximately two scheduled passenger airline operations and an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and ExpressJet. SkyWest Airlines provides regional jet and turboprop service to airports located in the Midwestern and Western United States.
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