SkyWest (SKYW) to Release Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW) is set to issue 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. Investors that are interested in participating in the company’s conference call can do so using this link.

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

SkyWest Trading Up 3.3 %

Shares of NASDAQ:SKYW opened at $71.38 on Tuesday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 82.05 and a beta of 1.95. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.80 and a current ratio of 0.90. The stock’s 50-day simple moving average is $65.90 and its two-hundred day simple moving average is $54.29. SkyWest has a 52-week low of $23.37 and a 52-week high of $71.80.

Insider Activity

In related news, Director James L. Welch sold 2,000 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.