SkyWest (NASDAQ:SKYW) to Buyback $250.00 million in Outstanding Stock

SkyWest (NASDAQ:SKYW) declared that its Board of Directors has approved a share buyback program on Thursday, July 23rd, RTT News reports. The company plans to buyback $250.00 million in shares. This buyback authorization permits the transportation company to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

SKYW has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded SkyWest from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $126.00 to $115.00 in a research report on Thursday, July 2nd. Citigroup raised their price objective on SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Weiss Ratings raised SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, TD Cowen lifted their price target on shares of SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.17.

SkyWest Stock Performance

SKYW stock traded up $7.41 on Friday, reaching $103.65. The company’s stock had a trading volume of 723,079 shares, compared to its average volume of 445,192. SkyWest has a 52 week low of $77.89 and a 52 week high of $123.94. The company has a market capitalization of $4.11 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.45. The firm has a fifty day moving average of $92.03 and a two-hundred day moving average of $94.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.51.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.53 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. SkyWest had a net margin of 9.78% and a return on equity of 14.63%. SkyWest’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.91 earnings per share. As a group, analysts predict that SkyWest will post 10.58 EPS for the current fiscal year.

Key Stories Impacting SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported Q2 2026 revenue of about $1.10 billion, up 6.5% year over year, showing continued demand and healthier top-line momentum. SkyWest, Inc. Announces Second Quarter 2026 Profit
• Positive Sentiment: The company projected 2026 GAAP EPS in the “$11 area,” which suggests management sees continued earnings strength ahead. SkyWest projects 2026 GAAP EPS in the $11 area while outlining $700M CapEx
• Positive Sentiment: Wall Street commentary remains constructive on SkyWest, and a bullish analyst tone can support the stock by reinforcing confidence in the outlook. Is It Worth Investing in SkyWest (SKYW) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Q2 earnings of $2.54 per share were roughly in line with consensus but below some higher estimates, while revenue slightly missed expectations. SkyWest (SKYW) Q2 Earnings and Revenues Miss Estimates
• Negative Sentiment: Higher fuel costs in the prorate business pressured quarterly results, which may weigh on margins if the cost trend continues. SkyWest, Inc. Announces Second Quarter 2026 Profit

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.