Sky Harbour Group (NYSEAMERICAN:SKYH) Releases Earnings Results, Beats Expectations By $0.10 EPS

Sky Harbour Group (NYSEAMERICAN:SKYH) released its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10, Zacks reports. The business had revenue of $3.62 million for the quarter. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%.

Sky Harbour Group Price Performance

NYSEAMERICAN SKYH traded up $0.52 during trading hours on Wednesday, reaching $9.43. The company had a trading volume of 95,982 shares, compared to its average volume of 47,188. Sky Harbour Group has a 1-year low of $4.16 and a 1-year high of $13.60. The stock has a market capitalization of $628.79 million, a P/E ratio of -6.38 and a beta of 1.84.

Insiders Place Their Bets

In related news, major shareholder Omaha Corp Boston sold 246,389 shares of Sky Harbour Group stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $10.00, for a total value of $2,463,890.00. Following the completion of the transaction, the insider now owns 12,440,642 shares in the company, valued at $124,406,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 45.18% of the company’s stock.

Sky Harbour Group Company Profile

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.