SkyWest (NASDAQ:SKYW) Board of Directors Authorizes Stock Buyback Program

SkyWest (NASDAQ:SKYW) declared that its Board of Directors has authorized a share buyback program on Thursday, July 23rd, RTT News reports. The company plans to buyback $250.00 million in outstanding 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 typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

SkyWest Price Performance

SkyWest stock opened at $103.65 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. SkyWest has a 52 week low of $77.89 and a 52 week high of $123.94. The stock 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 stock has a fifty day moving average of $92.03 and a 200-day moving average of $94.45.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.16). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. SkyWest had a net margin of 9.78% and a return on equity of 14.63%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.91 earnings per share. On average, sell-side analysts expect that SkyWest will post 10.58 earnings per share for the current fiscal year.

Key Headlines 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.