SkyWest, Inc. (NASDAQ:SKYW) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Stockholders of record on Friday, March 30th will be given a dividend of 0.10 per share by the transportation company on Thursday, April 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from SkyWest’s previous quarterly dividend of $0.08.
SkyWest (NASDAQ SKYW) traded up $0.35 during trading on Thursday, hitting $56.70. 227,600 shares of the stock traded hands, compared to its average volume of 311,007. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.09 and a current ratio of 1.21. SkyWest has a fifty-two week low of $30.40 and a fifty-two week high of $58.00. The stock has a market cap of $2,921.33, a PE ratio of 16.48 and a beta of 1.78.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. SkyWest had a net margin of 13.39% and a return on equity of 12.08%. The business had revenue of $797.20 million during the quarter, compared to analyst estimates of $778.13 million. During the same quarter in the previous year, the business earned $0.54 EPS. SkyWest’s quarterly revenue was up 5.2% compared to the same quarter last year. research analysts anticipate that SkyWest will post 4.39 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Cowen boosted their target price on shares of SkyWest from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Raymond James Financial boosted their target price on shares of SkyWest from $62.00 to $65.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. BidaskClub raised shares of SkyWest from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. ValuEngine raised shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Imperial Capital upped their price objective on shares of SkyWest from $47.00 to $55.00 and gave the company an “in-line” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the stock. SkyWest currently has a consensus rating of “Buy” and a consensus target price of $56.00.
TRADEMARK VIOLATION WARNING: This report was posted by Week Herald and is the property of of Week Herald. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://weekherald.com/2018/02/15/skywest-inc-skyw-announces-quarterly-dividend-of-0-10.html.
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.
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.