Somewhat Positive Media Coverage Somewhat Unlikely to Impact SkyWest (SKYW) Stock Price
News headlines about SkyWest (NASDAQ:SKYW) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SkyWest earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.3729959516178 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Pro-Trader Daily: Earnings Review and Free Research Report: SkyWest’s Revenue Advanced 4%; EPS Surged 28% (finanznachrichten.de)
- SkyWest, Inc. : Earnings Review and Free Research Report: SkyWest’s Revenue Advanced 4%; EPS Surged 28% (4-traders.com)
- SkyWest, Inc. (SKYW) Director Jerry C. Atkin Sells 110,000 Shares (americanbankingnews.com)
- SkyWest, Inc. (SKYW) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- SkyWest, Inc. Declares Quarterly Dividend of $0.08 (SKYW) (americanbankingnews.com)
A number of equities research analysts have commented on SKYW shares. BidaskClub cut shares of SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Cowen and Company restated an “outperform” rating and set a $44.00 target price (up previously from $40.00) on shares of SkyWest in a research note on Monday, August 7th. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 29th. Finally, Zacks Investment Research cut shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.50.
SkyWest (NASDAQ SKYW) traded up $0.75 during trading on Tuesday, hitting $51.40. 294,645 shares of the stock traded hands, compared to its average volume of 340,946. The company has a market capitalization of $2,630.00, a PE ratio of 15.97 and a beta of 1.74. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.09 and a current ratio of 1.24. SkyWest has a 52-week low of $30.40 and a 52-week high of $51.60.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.03. The firm had revenue of $831.93 million for the quarter, compared to analysts’ expectations of $817.43 million. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. sell-side analysts expect that SkyWest will post 3.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, December 28th. SkyWest’s dividend payout ratio (DPR) is presently -12.31%.
In related news, COO Michael B. Thompson sold 5,868 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $47.08, for a total value of $276,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerry C. Atkin sold 110,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $48.10, for a total transaction of $5,291,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,134 shares of company stock valued at $5,862,156. 3.50% of the stock is currently owned by insiders.
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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.
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