SkyWest (SKYW) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SkyWest in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SKYW shares.
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4 brokerages have issued 1-year price targets for SkyWest's shares. Their SKYW share price targets range from $46.00 to $70.00. On average, they anticipate the company's stock price to reach $62.25 in the next twelve months. This suggests that the stock has a possible downside of 15.5%.
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SkyWest's stock was trading at $52.20 on January 1st, 2024. Since then, SKYW shares have increased by 41.1% and is now trading at $73.66.
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SkyWest saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,130,000 shares, an increase of 22.4% from the March 15th total of 1,740,000 shares. Based on an average daily volume of 492,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 5.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our SKYW earnings forecast.

SkyWest, Inc. (NASDAQ:SKYW) announced its quarterly earnings results on Thursday, April, 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.21. The transportation company had revenue of $804 million for the quarter, compared to analysts' expectations of $800.07 million. SkyWest had a trailing twelve-month return on equity of 5.46% and a net margin of 3.83%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.45) earnings per share.

ETFs with the largest weight of SkyWest (NASDAQ:SKYW) stock in their portfolio include U.S. Global Jets ETF (JETS), Invesco Leisure and Entertainment ETF (PEJ), SPDR S&P Transportation ETF (XTN), Counterpoint Quantitative Equity ETF (CPAI), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Pacer US Small Cap Cash Cows 100 ETF (CALF) and Invesco S&P SmallCap Industrials ETF (PSCI).

290 employees have rated SkyWest Chief Executive Officer Chip Childs on Glassdoor.com. Chip Childs has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SkyWest investors own include Hawkins (HWKN), Delta Air Lines (DAL), Southwest Airlines (LUV), United Airlines (UAL), Micron Technology (MU), Xtrackers California Municipal Bond ETF (CA), American Airlines Group (AAL), Advanced Micro Devices (AMD), Bank of America (BAC) and Johnson & Johnson (JNJ).

SkyWest's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include U S Global Investors Inc. (1.44%), New York State Teachers Retirement System (0.13%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%), Yousif Capital Management LLC (0.05%) and Simplex Trading LLC (0.00%). Insiders that own company stock include James L Welch, Jerry C Atkin, Robert J Simmons and Wade J Steel.
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Shares of SKYW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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