SkyWest (SKYW) Set to Announce Earnings on Thursday

SkyWest (NASDAQ:SKYW) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect SkyWest to post 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 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.31. The firm had revenue of $751.80 million during the quarter, compared to the consensus estimate of $758.41 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous 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 Stock Performance

Shares of SKYW stock opened at $74.31 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average price of $66.20 and a 200 day moving average price of $54.52. The company has a market cap of $3.00 billion, a P/E ratio of 85.41 and a beta of 1.95. SkyWest has a 12 month low of $23.37 and a 12 month high of $74.52.

Insider Buying and Selling

In other SkyWest news, Director James L. Welch sold 2,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SKYW shares. StockNews.com raised shares of SkyWest from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Raymond James upped their target price on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Evercore ISI increased their price target on shares of SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. TD Cowen raised shares of SkyWest from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $55.00 to $68.00 in a report on Monday, February 5th. Finally, TheStreet raised shares of SkyWest from a “c” rating to a “b-” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SkyWest 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.