SkyWest (NASDAQ:SKYW) Sets New 12-Month High – Should You Buy?

Shares of SkyWest, Inc. (NASDAQ:SKYW) reached a new 52-week high on Tuesday . The company traded as high as $93.60 and last traded at $93.25, with a volume of 21310 shares. The stock had previously closed at $92.74.

SkyWest Trading Up 3.8 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.74. The firm has a fifty day simple moving average of $79.60 and a 200-day simple moving average of $77.62. The firm has a market cap of $3.87 billion, a P/E ratio of 34.70 and a beta of 1.95.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 25th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.09. The company had revenue of $867.10 million for the quarter, compared to analysts’ expectations of $826.56 million. SkyWest had a return on equity of 8.18% and a net margin of 5.55%. SkyWest’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, equities research analysts expect that SkyWest, Inc. will post 6.88 earnings per share for the current year.

Institutional Investors Weigh In On SkyWest

Several hedge funds and other institutional investors have recently made changes to their positions in SKYW. Goldman Sachs Group Inc. increased its holdings in SkyWest by 46.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 424,239 shares of the transportation company’s stock worth $22,145,000 after purchasing an additional 134,066 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in SkyWest in the 4th quarter valued at $313,000. Los Angeles Capital Management LLC bought a new position in SkyWest during the 1st quarter valued at $540,000. Counterpoint Mutual Funds LLC boosted its holdings in SkyWest by 30.9% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 9,678 shares of the transportation company’s stock worth $669,000 after acquiring an additional 2,282 shares during the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of SkyWest in the 1st quarter worth $222,000. 81.30% of the stock is owned by institutional investors.

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.