SkyWest (SKYW) Receiving Somewhat Favorable News Coverage, Study Shows
News coverage about SkyWest (NASDAQ:SKYW) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SkyWest earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 45.8326415479431 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- SkyWest to acquire 20 additional aircraft, will expand its relationship with Delta and Alaska (worldairlinenews.com)
- Embraer gets firm order for 20 E-Jets from SkyWest (financial-news.co.uk)
- SkyWest Adds More Aircraft For Delta, Alaska (aviationweek.com)
- Recent DAL News (bloomberg.com)
- SkyWest’s second E175SC order gives aircraft foothold in US market (atwonline.com)
SkyWest (NASDAQ:SKYW) opened at 46.80 on Thursday. The stock’s market capitalization is $2.43 billion. SkyWest has a 12 month low of $27.45 and a 12 month high of $47.60. The company has a 50-day moving average price of $38.53 and a 200 day moving average price of $36.34.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million during the quarter, compared to the consensus estimate of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. SkyWest’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. Equities analysts predict that SkyWest will post $3.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be issued a $0.08 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.68%. SkyWest’s dividend payout ratio (DPR) is presently -11.31%.
SKYW has been the subject of several recent research reports. BidaskClub cut SkyWest from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 29th. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, September 20th. Finally, Cowen and Company increased their price target on SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $44.17.
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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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