Sky Harbour Group (NYSEAMERICAN:SKYH) Releases Earnings Results, Beats Expectations By $0.10 EPS

Sky Harbour Group (NYSEAMERICAN:SKYH) announced its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10, Zacks reports. The business had revenue of $3.62 million for the quarter. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%.

Sky Harbour Group Stock Performance

SKYH stock traded up $0.41 during mid-day trading on Thursday, hitting $10.44. 17,235 shares of the company were exchanged, compared to its average volume of 47,530. The company has a market capitalization of $696.14 million, a P/E ratio of -6.87 and a beta of 1.84. Sky Harbour Group has a 1-year low of $4.18 and a 1-year high of $13.60.

Insiders Place Their Bets

In other Sky Harbour Group news, major shareholder Omaha Corp Boston sold 246,389 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $10.00, for a total transaction of $2,463,890.00. Following the sale, the insider now directly owns 12,440,642 shares in the company, valued at approximately $124,406,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 45.18% of the company’s stock.

About Sky Harbour Group

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.