SkyWest, Inc. (SKYW) Trading 5.3% Higher Following Strong Earnings

Paterniano Del Favero
Agosto 10, 2017

Affinity Investment Advisors LLC decreased its position in SkyWest, Inc. Janney Montgomery Scott LLC now owns 37,181 shares of the transportation company's stock valued at $1,273,000 after buying an additional 1,845 shares during the period. Public Employees Retirement System of Ohio's holdings in SkyWest were worth $726,000 at the end of the most recent quarter.

Want to see what other hedge funds are holding SKYW? Bowling Portfolio Management LLC increased its stake in shares of SkyWest by 8.2% in the first quarter.

It is trading at $36.30 a tad under $36.53, the stock's 50 day moving average and just above the 200 day moving average of $35.56. Janney Montgomery Scott LLC boosted its stake in shares of SkyWest by 5.2% in the first quarter. Teachers Advisors LLC now owns 198,946 shares of the transportation company's stock valued at $7,252,000 after buying an additional 86,594 shares during the period. State of Alaska Department of Revenue now owns 5,720 shares of the transportation company's stock worth $195,000 after buying an additional 140 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new stake in SkyWest during the first quarter worth $202,000.

SkyWest, Inc. has a one year low of $25.04 and a one year high of $39.85. (SKYW) traded down 1.857% during midday trading on Wednesday, hitting $35.675.

Cowen and Company restated their buy rating on shares of SkyWest, Inc. The company's market cap is $1.87 billion.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.08, Bloomberg Earnings reports. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. During the same quarter in the prior year, the firm earned $0.77 EPS. The business had revenue of $809.76 million for the quarter, compared to analyst estimates of $790.14 million. On average, equities research analysts predict that SkyWest, Inc. will post $3.27 EPS for the current fiscal year.

SkyWest, Inc. also announced a dividend paid on Friday July 7th, 2017. Stockholders of record on Friday, September 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.88%. SkyWest's dividend payout ratio is presently -11.31%.

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SKYW has been the subject of several other research reports. On December 6 the stock rating was downgraded to "Hold" from "Buy" in a report from Evercore ISI Group. Cowen and Company reaffirmed a "buy" rating and set a $40.00 price target on shares of SkyWest in a research report on Monday. Raymond James Financial, Inc. raised shares of SkyWest from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, April 13th. Finally, TheStreet raised shares of SkyWest from a c+ rating to a b- rating in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. The company now has a consensus rating of "Buy" and a consensus price target of $41.00.

SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. SkyWest's airline companies provide commercial air service in cities throughout North America with more than 3,000 daily flights carrying more than 50 million passengers annually.

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