Somewhat Favorable Media Coverage Somewhat Unlikely to Affect SkyWest (NASDAQ:SKYW) Stock Price
News headlines about SkyWest (NASDAQ:SKYW) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SkyWest earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.8018295595114 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- SkyWest, Inc. (SKYW) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Delta Ends Regional Contract With ExpressJet (aviationweek.com)
- SkyWest, Inc. (SKYW) Price Target Raised to $44.00 (americanbankingnews.com)
- ExpressJet to stop flying for Delta (flightglobal.com)
- Aperio Group LLC Has $2.09 Million Stake in SkyWest, Inc. (SKYW) (campdesrecrues.com)
SkyWest (SKYW) traded down 4.05% on Friday, hitting $36.70. The stock had a trading volume of 457,239 shares. The company has a 50-day moving average price of $36.62 and a 200 day moving average price of $35.58. The firm’s market cap is $1.90 billion. SkyWest has a 52-week low of $25.04 and a 52-week high of $39.85.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. The firm had revenue of $809.76 million during the quarter, compared to analysts’ expectations of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts forecast that SkyWest will post $3.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders 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 dividend yield of 0.87%. SkyWest’s payout ratio is -11.31%.
Several equities research analysts have commented on the company. Deutsche Bank AG boosted their target price on SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, May 2nd. Cowen and Company boosted their target price on SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. BidaskClub downgraded SkyWest from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.67.
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.
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