SkyWest (SKYW) Earning Somewhat Favorable Media Coverage, Study Shows

News coverage about SkyWest (NASDAQ:SKYW) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SkyWest earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 45.829563146461 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Shares of SkyWest (SKYW) traded up $0.20 during midday trading on Friday, hitting $53.50. 294,514 shares of the stock were exchanged, compared to its average volume of 305,204. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.09 and a current ratio of 1.21. The stock has a market cap of $2,773.60, a P/E ratio of 6.63 and a beta of 1.78. SkyWest has a 12-month low of $30.40 and a 12-month high of $58.00.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. The firm had revenue of $797.20 million for the quarter, compared to the consensus estimate of $778.13 million. SkyWest had a net margin of 13.39% and a return on equity of 12.08%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. equities research analysts forecast that SkyWest will post 4.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, March 28th. This is an increase from SkyWest’s previous quarterly dividend of $0.08. SkyWest’s dividend payout ratio (DPR) is presently 3.97%.

Several research analysts recently issued reports on the stock. Cowen increased their price target on shares of SkyWest from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Raymond James Financial increased their price target on shares of SkyWest from $62.00 to $65.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 24th. BidaskClub upgraded shares of SkyWest from a “hold” rating to a “buy” rating in a research note on Saturday. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, 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 research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $56.00.

In related news, Director Jerry C. Atkin sold 110,000 shares of the firm’s stock in a transaction that occurred 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 is available at this hyperlink. Also, COO Terry Vais sold 12,075 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $51.52, for a total transaction of $622,104.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,105 shares of company stock worth $6,941,421. Insiders own 3.50% of the company’s stock.

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About SkyWest

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.

Insider Buying and Selling by Quarter for SkyWest (NASDAQ:SKYW)

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