SkyWest (SKYW) Earning Somewhat Favorable Press Coverage, Report Shows
News articles about SkyWest (NASDAQ:SKYW) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SkyWest earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.2573246261144 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
- SkyWest, Inc. (NASDAQ:SKYW) Experiences Heavier than Average Trading Volume – First News 24 (firstnewspaper24.com)
- SkyWest, Inc. (SKYW) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- SkyWest : Kearney selects SkyWest Airlines to be its next EAS provider (4-traders.com)
- SkyWest, Inc. (SKYW) Expected to Post FY2017 Earnings of $3.25 Per Share (americanbankingnews.com)
- SkyWest : City council votes 5-0 for SkyWest Airlines as next Kearney carrier (4-traders.com)
Shares of SkyWest (SKYW) opened at 42.35 on Friday. SkyWest has a 52 week low of $25.04 and a 52 week high of $42.75. The firm’s market cap is $2.20 billion. The firm has a 50 day moving average of $36.23 and a 200 day moving average of $35.67.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The firm had revenue of $809.76 million for the quarter, compared to analyst estimates of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. Equities analysts predict that SkyWest will post $3.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. SkyWest’s dividend payout ratio (DPR) is presently -11.31%.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 18th. Cowen and Company raised their price target on shares of SkyWest from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Finally, BidaskClub lowered shares of SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and three have given a strong buy rating to the company. SkyWest presently has a consensus rating of “Buy” and an average target price of $42.17.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
Receive News & Ratings for SkyWest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest Inc. and related companies with MarketBeat.com's FREE daily email newsletter.