SkyWest Inc. (NASDAQ:SKYW) declared a quarterly dividend on Monday, August 8th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.05 per share on Friday, October 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, September 28th.
SkyWest (NASDAQ:SKYW) opened at 26.01 on Tuesday. The stock’s 50 day moving average price is $27.73 and its 200 day moving average price is $24.67. SkyWest has a 52 week low of $13.23 and a 52 week high of $29.87. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 9.38 and a beta of 1.69.
SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, July 28th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. The company had revenue of $801.34 million for the quarter, compared to analyst estimates of $764.04 million. SkyWest had a return on equity of 8.47% and a net margin of 4.63%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 earnings per share. On average, equities research analysts predict that SkyWest will post $2.64 EPS for the current year.
In other news, Director Henry J. Eyring sold 6,267 shares of SkyWest stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $11.49, for a total value of $72,007.83. Following the transaction, the director now owns 35,549 shares in the company, valued at approximately $408,458.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert J. Simmons purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was acquired at an average price of $27.69 per share, for a total transaction of $27,690.00. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of SKYW. Allianz Asset Management AG raised its position in shares of SkyWest by 37.2% in the second quarter. Allianz Asset Management AG now owns 282,917 shares of the company’s stock valued at $7,486,000 after buying an additional 76,718 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of SkyWest by 19.4% in the second quarter. Thrivent Financial for Lutherans now owns 69,530 shares of the company’s stock valued at $1,840,000 after buying an additional 11,290 shares during the last quarter. Profund Advisors LLC raised its position in shares of SkyWest by 4.8% in the second quarter. Profund Advisors LLC now owns 16,780 shares of the company’s stock valued at $444,000 after buying an additional 774 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of SkyWest during the second quarter valued at about $190,000. Finally, Deere & Co. acquired a new position in shares of SkyWest during the second quarter valued at about $505,000. Institutional investors own 86.16% of the company’s stock.
A number of equities analysts have recently weighed in on SKYW shares. Deutsche Bank AG increased their target price on SkyWest from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research lowered SkyWest from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Raymond James Financial Inc. upgraded SkyWest from a “mkt perform” rating to an “outperform” rating in a research note on Wednesday, June 1st. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $28.40.
SkyWest Company Profile
Skywest, Inc is a holding company for approximately two scheduled passenger airline operations and an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and ExpressJet. SkyWest Airlines provides regional jet and turboprop service to airports located in the Midwestern and Western United States.
Receive News & Ratings for SkyWest Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest Inc. and related companies with MarketBeat.com's FREE daily email newsletter.