SkyWest (SKYW) Projected to Post Earnings on Thursday

SkyWest (NASDAQ:SKYW) will likely be announcing its earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $2.01 per share and revenue of $946.13 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same period in the prior year, the business earned $0.42 EPS. On average, analysts expect SkyWest to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

SkyWest Trading Up 0.3 %

SkyWest stock opened at $85.71 on Thursday. SkyWest has a 52-week low of $64.61 and a 52-week high of $135.57. The company has a market cap of $3.48 billion, a P/E ratio of 11.03 and a beta of 1.83. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $92.44 and a two-hundred day simple moving average of $100.66.

Insiders Place Their Bets

In related news, VP Greg Wooley sold 14,545 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the transaction, the vice president now owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on SKYW shares. StockNews.com cut shares of SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. The Goldman Sachs Group upgraded SkyWest from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $119.00 to $117.00 in a research note on Tuesday, April 8th. Finally, Raymond James lowered their target price on SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

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.