SkyWest, Inc. (NASDAQ:SKYW) has received an average rating of “Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $66.75.

SKYW has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on SkyWest in a report on Monday, April 15th. They set a “buy” rating and a $68.00 target price on the stock. BidaskClub raised SkyWest from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. ValuEngine downgraded SkyWest from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $74.00 target price (up previously from $69.00) on shares of SkyWest in a report on Tuesday, April 30th.

In related news, CFO Robert J. Simmons sold 22,577 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $60.53, for a total value of $1,366,585.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Russell A. Childs sold 17,853 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $60.39, for a total value of $1,078,142.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,389 shares of company stock worth $9,763,340. 3.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of SKYW. AdvisorNet Financial Inc increased its position in shares of SkyWest by 23.4% during the 4th quarter. AdvisorNet Financial Inc now owns 1,553 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 295 shares during the period. PNC Financial Services Group Inc. increased its position in shares of SkyWest by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,153 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 458 shares during the period. Quantamental Technologies LLC acquired a new position in shares of SkyWest during the 1st quarter valued at $191,000. Magnus Financial Group LLC acquired a new position in shares of SkyWest during the 1st quarter valued at $213,000. Finally, Miles Capital Inc. acquired a new position in shares of SkyWest during the 1st quarter valued at $226,000. Institutional investors own 90.41% of the company’s stock.

NASDAQ:SKYW traded up $0.05 during trading hours on Monday, reaching $58.00. 292,700 shares of the stock were exchanged, compared to its average volume of 244,659. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average is $59.66. SkyWest has a 52 week low of $42.38 and a 52 week high of $65.80. The firm has a market cap of $2.97 billion, a PE ratio of 10.94 and a beta of 1.73.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, April 25th. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.18. SkyWest had a return on equity of 15.23% and a net margin of 9.94%. The company had revenue of $723.69 million for the quarter, compared to the consensus estimate of $693.32 million. During the same quarter last year, the business posted $1.03 EPS. SkyWest’s quarterly revenue was down 7.6% compared to the same quarter last year. Research analysts predict that SkyWest will post 6.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, June 27th. SkyWest’s dividend payout ratio is currently 9.06%.

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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Analyst Recommendations for SkyWest (NASDAQ:SKYW)

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