SkyWest (SKYW) Earning Somewhat Positive Media Coverage, Analysis Shows
Headlines about SkyWest (NASDAQ:SKYW) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SkyWest earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.9091443642214 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern’s rankings:
- SkyWest, Inc. (SKYW) Expected to Post Quarterly Sales of $770.52 Million (americanbankingnews.com)
- BRIEF-Skywest Reports Combined November Traffic For Skywest Airlines And Expressjet Airlines (SKYW) (markets.businessinsider.com)
- SkyWest (SKYW) Hits 52-Week High: What's Driving the Stock? (finance.yahoo.com)
- GOL Linhas (GOL) Reports Robust November Traffic Figures – Nasdaq (nasdaq.com)
- United is said to mull investing in regional airline ExpressJet – Crain’s Cleveland Business (crainscleveland.com)
A number of research firms have commented on SKYW. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 29th. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Tuesday, October 3rd. Imperial Capital lifted their target price on SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a research report on Tuesday, October 31st. Cowen lifted their target price on SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Finally, BidaskClub downgraded SkyWest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.60.
Shares of SkyWest (NASDAQ:SKYW) traded down $0.45 during midday trading on Wednesday, hitting $52.50. The stock had a trading volume of 238,402 shares, compared to its average volume of 336,533. SkyWest has a twelve month low of $30.40 and a twelve month high of $54.17. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.24 and a quick ratio of 1.09. The firm has a market capitalization of $2,750.00, a PE ratio of 17.09 and a beta of 1.77.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.03. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The business had revenue of $831.93 million during the quarter, compared to analysts’ expectations of $817.43 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. analysts expect that SkyWest will post 3.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 29th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. SkyWest’s payout ratio is presently -12.31%.
In related news, COO Michael B. Thompson sold 1,476 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $51.45, for a total transaction of $75,940.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry C. Atkin sold 110,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $48.10, for a total value of $5,291,000.00. The disclosure for this sale can be found here. Insiders sold 154,239 shares of company stock valued at $7,512,577 over the last ninety days. Insiders own 3.50% of the company’s stock.
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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.
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