SkyWest (SKYW) to Release Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYWGet Free Report) is expected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $915,568.72 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

SkyWest (NASDAQ:SKYWGet Free Report) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. During the same period in the previous year, the company posted $0.55 EPS. SkyWest’s revenue was up 19.1% on a year-over-year basis. On average, analysts expect SkyWest to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SkyWest Stock Down 0.5 %

NASDAQ:SKYW opened at $113.51 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. SkyWest has a 1-year low of $52.78 and a 1-year high of $117.51. The company has a 50-day moving average of $108.28 and a 200 day moving average of $93.22. The firm has a market cap of $4.58 billion, a PE ratio of 19.40 and a beta of 1.98.

Insider Activity

In other news, Director Ronald J. Mittelstaedt sold 25,000 shares of SkyWest stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total value of $2,801,500.00. Following the sale, the director now directly owns 11,283 shares of the company’s stock, valued at $1,264,372.98. The trade was a 68.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Russell A. Childs sold 27,903 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value of $3,110,347.41. Following the sale, the chief executive officer now owns 349,548 shares of the company’s stock, valued at $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,467 shares of company stock worth $10,082,596 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SKYW. Raymond James increased their target price on shares of SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th. Finally, TD Cowen raised their price target on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.25.

Read Our Latest Report on SKYW

About SkyWest

(Get Free Report)

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.

Featured Articles

Earnings History for SkyWest (NASDAQ:SKYW)

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.