Northland Capmk Comments on Sky Harbour Group Co.’s Q3 2024 Earnings (NYSEAMERICAN:SKYH)

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) – Research analysts at Northland Capmk issued their Q3 2024 earnings per share estimates for shares of Sky Harbour Group in a research note issued to investors on Tuesday, September 24th. Northland Capmk analyst G. Gibas anticipates that the company will earn ($0.07) per share for the quarter. Northland Capmk has a “Strong-Buy” rating on the stock. Northland Capmk also issued estimates for Sky Harbour Group’s Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at $0.11 EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.20) EPS, FY2026 earnings at ($0.30) EPS, FY2027 earnings at $0.05 EPS and FY2028 earnings at $0.40 EPS.

Sky Harbour Group (NYSEAMERICAN:SKYH) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.10. The business had revenue of $3.62 million during the quarter. Sky Harbour Group had a negative net margin of 222.44% and a negative return on equity of 6.82%.

Separately, Northland Securities initiated coverage on Sky Harbour Group in a report on Tuesday. They set an “outperform” rating and a $16.00 price objective for the company.

Sky Harbour Group Price Performance

Shares of NYSEAMERICAN:SKYH opened at $11.33 on Thursday. Sky Harbour Group has a 12-month low of $4.31 and a 12-month high of $13.60. The firm has a market cap of $759.45 million, a price-to-earnings ratio of -7.76 and a beta of 1.86.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SKYH. Apis Capital Advisors LLC bought a new stake in Sky Harbour Group in the second quarter worth $92,000. Rhumbline Advisers bought a new stake in shares of Sky Harbour Group during the 2nd quarter worth about $103,000. Bank of New York Mellon Corp acquired a new position in shares of Sky Harbour Group during the 2nd quarter valued at about $271,000. Meixler Investment Management Ltd. raised its stake in shares of Sky Harbour Group by 20.2% in the 2nd quarter. Meixler Investment Management Ltd. now owns 54,050 shares of the company’s stock valued at $500,000 after acquiring an additional 9,100 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in Sky Harbour Group by 8,485.4% in the 1st quarter. Caprock Group LLC now owns 1,116,098 shares of the company’s stock worth $14,253,000 after purchasing an additional 1,103,098 shares during the last quarter. Institutional investors and hedge funds own 14.75% 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.