SkyWest, Inc. (NASDAQ:SKYW) COO Michael B. Thompson sold 5,523 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $60.19, for a total value of $332,429.37. The transaction was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ:SKYW traded up $1.94 on Friday, reaching $62.22. The company’s stock had a trading volume of 131,939 shares, compared to its average volume of 229,173. SkyWest, Inc. has a 12-month low of $42.38 and a 12-month high of $63.40. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.45. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 11.74 and a beta of 1.72. The stock has a 50 day moving average price of $57.57 and a 200 day moving average price of $57.85.
SkyWest (NASDAQ:SKYW) last posted its earnings results on Wednesday, July 31st. The transportation company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.11. SkyWest had a return on equity of 15.47% and a net margin of 10.53%. The company had revenue of $725.34 million for the quarter, compared to the consensus estimate of $736.71 million. During the same quarter in the previous year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities research analysts expect that SkyWest, Inc. will post 6.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. SkyWest’s dividend payout ratio is presently 9.06%.
SKYW has been the topic of a number of recent research reports. BidaskClub lowered SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. ValuEngine downgraded SkyWest from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Evercore ISI restated a “buy” rating and issued a $72.00 target price on shares of SkyWest in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.63.
Several hedge funds have recently bought and sold shares of SKYW. Geode Capital Management LLC raised its holdings in shares of SkyWest by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 595,894 shares of the transportation company’s stock valued at $26,499,000 after buying an additional 50,969 shares during the period. SG Americas Securities LLC purchased a new stake in shares of SkyWest in the 1st quarter valued at $381,000. Rhumbline Advisers raised its holdings in shares of SkyWest by 0.9% in the 1st quarter. Rhumbline Advisers now owns 152,675 shares of the transportation company’s stock valued at $8,289,000 after buying an additional 1,416 shares during the period. Comerica Bank raised its holdings in shares of SkyWest by 2.4% in the 1st quarter. Comerica Bank now owns 66,563 shares of the transportation company’s stock valued at $3,896,000 after buying an additional 1,550 shares during the period. Finally, Texas Permanent School Fund raised its holdings in shares of SkyWest by 3.2% in the 1st quarter. Texas Permanent School Fund now owns 35,060 shares of the transportation company’s stock valued at $1,903,000 after buying an additional 1,101 shares during the period. Hedge funds and other institutional investors own 90.34% 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.
Further Reading: Stochastic Momentum Index (SMI)
Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.