SkyWest (SKYW) Projected to Post Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW) is expected to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect SkyWest to post earnings of $1.75 per share and revenue of $915.57 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company had revenue of $912.79 million during the quarter, compared to the consensus estimate of $896.21 million. During the same period last year, the firm earned $0.55 earnings per share. The company’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 Price Performance

Shares of NASDAQ SKYW opened at $114.70 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. SkyWest has a fifty-two week low of $52.78 and a fifty-two week high of $117.51. The business has a 50 day moving average price of $108.46 and a two-hundred day moving average price of $93.65. The firm has a market cap of $4.63 billion, a PE ratio of 19.61 and a beta of 1.98.

Insider Activity at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 16,485 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.02, for a total value of $1,731,254.70. Following the completion of the sale, the chief financial officer now owns 113,539 shares of the company’s stock, valued at $11,923,865.78. The trade was a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Eric Woodward sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,426 shares in the company, valued at $4,954,831.78. The trade was a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,467 shares of company stock worth $10,082,596. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen raised their price objective on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th. Finally, Raymond James boosted their price objective 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.25.

SkyWest Company Profile

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.