SkyWest, Inc. (NASDAQ:SKYW) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Friday, March 30th will be given a dividend of 0.10 per share by the transportation company on Thursday, April 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. This is a positive change from SkyWest’s previous quarterly dividend of $0.08.

SkyWest (SKYW) traded up $0.20 during trading on Thursday, reaching $54.35. 18,283 shares of the company’s stock were exchanged, compared to its average volume of 320,996. The firm has a market cap of $2,739.88, a price-to-earnings ratio of 6.71 and a beta of 1.78. SkyWest has a 12 month low of $30.40 and a 12 month high of $58.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.09 and a current ratio of 1.21.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, February 1st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.10. The company had revenue of $797.20 million for the quarter, compared to analyst estimates of $778.13 million. SkyWest had a net margin of 13.39% and a return on equity of 12.08%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. analysts predict that SkyWest will post 4.28 EPS for the current year.

In related news, Director Jerry C. Atkin sold 110,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $48.10, for a total value of $5,291,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael B. Thompson sold 1,476 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $51.45, for a total transaction of $75,940.20. The disclosure for this sale can be found here. Insiders sold a total of 143,605 shares of company stock worth $7,011,246 over the last 90 days. Company insiders own 3.50% of the company’s stock.

A number of research firms have issued reports on SKYW. Zacks Investment Research lowered shares of SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Imperial Capital raised their price objective on shares of SkyWest from $47.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday. BidaskClub lowered shares of SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Cowen restated an “outperform” rating and issued a $62.00 price objective (up from $60.00) on shares of SkyWest in a report on Friday, February 2nd. Finally, Raymond James Financial raised their price objective on shares of SkyWest from $62.00 to $65.00 and gave the company a “strong-buy” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, two have given a buy rating and four have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $56.00.

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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.

Dividend History for SkyWest (NASDAQ:SKYW)

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