SkyWest Inc. (SKYW) Stock Price Down 2.8%
SkyWest Inc. (NASDAQ:SKYW) shares traded down 2.8% during mid-day trading on Friday . The stock traded as low as $27.16 and last traded at $27.20, with a volume of 158,624 shares. The stock had previously closed at $27.98.
Several research analysts have issued reports on the stock. Deutsche Bank AG lifted their price target on shares of SkyWest from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, August 2nd. Finally, Raymond James Financial Inc. upgraded shares of SkyWest from a “mkt perform” rating to an “outperform” rating in a research report on Wednesday, June 1st. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $28.40.
The firm has a 50-day moving average of $28.11 and a 200-day moving average of $23.10. The stock has a market cap of $1.41 billion and a PE ratio of 9.84.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. During the same quarter last year, the firm earned $0.61 earnings per share. The firm earned $801.34 million during the quarter, compared to analyst estimates of $764.04 million. SkyWest’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts anticipate that SkyWest Inc. will post $2.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.73%.
In other news, CEO Russell A. Childs sold 21,516 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $28.79, for a total transaction of $619,445.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry J. Eyring sold 6,267 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 35,549 shares in the company, valued at $408,458.01. 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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