SkyWest (SKYW) Set to Announce Quarterly Earnings on Tuesday
SkyWest (NASDAQ:SKYW) is set to announce its earnings results after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $1.41 per share for the quarter.
SkyWest stock opened at $50.00 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 1.41. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.68 and a beta of 1.63. SkyWest has a fifty-two week low of $45.10 and a fifty-two week high of $65.80.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Friday, September 28th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, September 27th. SkyWest’s payout ratio is 11.66%.
Several equities analysts have weighed in on SKYW shares. Zacks Investment Research downgraded SkyWest from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Cowen raised their price target on SkyWest from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. ValuEngine raised SkyWest from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. BidaskClub raised SkyWest from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Finally, Imperial Capital raised their price target on SkyWest from $60.00 to $63.00 and gave the stock an “inline” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.75.
SkyWest Company Profile
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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