SkyWest (SKYW) to Release Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.28 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.31. The business had revenue of $751.80 million for the quarter, compared to analyst estimates of $758.41 million. SkyWest had a return on equity of 1.59% and a net margin of 1.17%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted ($0.93) EPS. On average, analysts expect SkyWest to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SkyWest Stock Performance

NASDAQ SKYW opened at $66.73 on Thursday. The business’s 50-day simple moving average is $65.16 and its 200-day simple moving average is $53.51. SkyWest has a 1-year low of $23.37 and a 1-year high of $71.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market capitalization of $2.69 billion, a P/E ratio of 76.70 and a beta of 1.95.

Insider Buying and Selling at SkyWest

In other SkyWest news, Director James L. Welch sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the transaction, the director now directly owns 56,067 shares of the company’s stock, valued at approximately $3,740,790.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by insiders.

Institutional Trading of SkyWest

A number of hedge funds and other institutional investors have recently made changes to their positions in SKYW. Creative Planning boosted its stake in SkyWest by 0.4% during the 4th quarter. Creative Planning now owns 58,274 shares of the transportation company’s stock valued at $3,042,000 after acquiring an additional 207 shares during the last quarter. Cerity Partners LLC bought a new position in shares of SkyWest during the first quarter worth about $342,000. Great West Life Assurance Co. Can grew its stake in SkyWest by 1.3% in the first quarter. Great West Life Assurance Co. Can now owns 43,153 shares of the transportation company’s stock worth $1,277,000 after purchasing an additional 556 shares in the last quarter. Captrust Financial Advisors increased its holdings in SkyWest by 4.9% in the fourth quarter. Captrust Financial Advisors now owns 17,052 shares of the transportation company’s stock valued at $282,000 after buying an additional 803 shares during the last quarter. Finally, UBS Group AG raised its stake in SkyWest by 35.0% during the third quarter. UBS Group AG now owns 3,199 shares of the transportation company’s stock valued at $53,000 after buying an additional 829 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on SKYW shares. StockNews.com raised SkyWest from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. TD Cowen upgraded SkyWest from a “market perform” rating to an “outperform” rating and raised their target price for the company from $55.00 to $68.00 in a report on Monday, February 5th. Raymond James boosted their price target on SkyWest from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. TheStreet raised shares of SkyWest from a “c” rating to a “b-” rating in a research report on Friday, February 2nd. Finally, Evercore ISI boosted their target price on shares of SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.25.

About SkyWest

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.