SkyWest, Inc. Declares Quarterly Dividend of $0.04 (SKYW)
SkyWest (NASDAQ:SKYW) announced a quarterly dividend on Wednesday, August 27th, StockRatingsNetwork reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.04 per share on Monday, October 6th. This represents a $0.16 annualized dividend and a dividend yield of 1.61%.
A number of research firms have recently commented on SKYW. Analysts at Evercore Partners reiterated an “equal weight” rating on shares of SkyWest in a research note on Wednesday, August 13th. They now have a $9.00 price target on the stock, down previously from $12.00. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of SkyWest in a research note on Thursday, August 7th. They now have a $10.00 price target on the stock, down previously from $15.00. Finally, analysts at Zacks downgraded shares of SkyWest from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 7th. They now have a $7.60 price target on the stock. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.43.
Shares of SkyWest (NASDAQ:SKYW) traded down 6.44% on Wednesday, hitting $9.30. 863,024 shares of the company’s stock traded hands. SkyWest has a 52-week low of $8.41 and a 52-week high of $17.29. The stock’s 50-day moving average is $10.75 and its 200-day moving average is $11.87. The company’s market cap is $475.5 million.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.29) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.08. The company had revenue of $816.60 million for the quarter, compared to the consensus estimate of $800.20 million. During the same quarter last year, the company posted $0.39 earnings per share. SkyWest’s revenue was down 2.7% compared to the same quarter last year. On average, analysts predict that SkyWest will post $-0.20 earnings per share for the current fiscal year.
SkyWest, Inc (NASDAQ:SKYW) through subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet) operates the regional airline in the United States.
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