SkyWest (SKYW) Earning Somewhat Favorable Press Coverage, Report Finds
News stories about SkyWest (NASDAQ:SKYW) have trended somewhat positive on Thursday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SkyWest earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.3565910178627 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 news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Are Analysts Bullish SkyWest, Inc. (NASDAQ:SKYW) After Last Week? – Gоldmаn Blоg (blog) (goldmanblog.com)
- PICTURES: SkyWest receives first 70-seat E175-SC – Flightglobal (flightglobal.com)
- Head to Head Analysis: SkyWest (SKYW) and Hawaiian (HA) (americanbankingnews.com)
- Form 4 SKYWEST INC For: Mar 06 Filed by: SIMMONS ROBERT J (streetinsider.com)
- Mar 08, 2018 – Towle & Co Buys SUPERVALU Inc, Bed Bath … – GuruFocus.com (gurufocus.com)
SkyWest (NASDAQ SKYW) traded up $0.20 during midday trading on Thursday, reaching $58.70. The company’s stock had a trading volume of 133,489 shares, compared to its average volume of 276,361. SkyWest has a twelve month low of $30.40 and a twelve month high of $59.95. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $3,075.97, a P/E ratio of 17.37 and a beta of 1.74.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.68%. This is an increase from SkyWest’s previous quarterly dividend of $0.08. SkyWest’s payout ratio is currently 3.97%.
Several equities analysts have weighed in on the company. Imperial Capital increased their price objective on SkyWest from $47.00 to $55.00 and gave the company an “in-line” rating in a report on Tuesday, February 6th. BidaskClub raised SkyWest from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Cowen reaffirmed a “buy” rating and issued a $60.00 price target on shares of SkyWest in a report on Tuesday, January 9th. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating, three have given 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 $56.00.
In related news, insider Eric Woodward sold 4,500 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.90, for a total transaction of $256,050.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Terry Vais sold 5,800 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $56.00, for a total value of $324,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,639 shares of company stock worth $2,781,474. Company insiders own 3.50% of the company’s stock.
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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