SkyWest, Inc. (NASDAQ:SKYW) insider Wade J. Steel sold 17,030 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $60.02, for a total value of $1,022,140.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of SKYW traded up $1.94 during midday trading on Friday, reaching $62.22. The stock had a trading volume of 131,939 shares, compared to its average volume of 229,173. SkyWest, Inc. has a 52 week low of $42.38 and a 52 week high of $63.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.84 and a quick ratio of 0.72. The firm’s 50 day moving average price is $57.57 and its 200-day moving average price is $57.85. The company has a market capitalization of $3.04 billion, a P/E ratio of 11.74 and a beta of 1.72.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.71 EPS for the quarter, topping 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 EPS. The company’s quarterly revenue was down 10.0% compared to the same quarter last year. On average, equities analysts forecast that SkyWest, Inc. will post 6.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, September 27th. SkyWest’s dividend payout ratio is presently 9.06%.
Several analysts recently issued reports on SKYW shares. ValuEngine downgraded SkyWest from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. BidaskClub downgraded SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, Evercore ISI reissued a “buy” rating and issued a $72.00 price target on shares of SkyWest in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. SkyWest currently has an average rating of “Buy” and a consensus price target of $67.63.
Institutional investors and hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc raised its stake in shares of SkyWest by 32.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,852 shares of the transportation company’s stock worth $112,000 after buying an additional 457 shares in the last quarter. C M Bidwell & Associates Ltd. grew its holdings in shares of SkyWest by 90.6% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,630 shares of the transportation company’s stock worth $160,000 after acquiring an additional 1,250 shares during the last quarter. Atria Investments LLC acquired a new position in shares of SkyWest in the 2nd quarter worth $229,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SkyWest in the 2nd quarter worth $176,000. Finally, 9258 Wealth Management LLC acquired a new position in shares of SkyWest in the 2nd quarter worth $204,000. 90.34% of the stock is currently owned by institutional investors.
SkyWest Company Profile
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: What is the G-20?
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.