SkyWest (NASDAQ:SKYW) Posts Quarterly Earnings Results, Beats Estimates By $0.59 EPS

SkyWest (NASDAQ:SKYW) issued its quarterly earnings data on Thursday. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59, Zacks reports. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. During the same period last year, the business posted $0.42 earnings per share.

SkyWest Stock Up 0.8 %

Shares of SKYW traded up $0.93 during mid-day trading on Thursday, reaching $116.76. The company’s stock had a trading volume of 492,575 shares, compared to its average volume of 331,976. SkyWest has a 1 year low of $52.78 and a 1 year high of $119.36. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 19.96 and a beta of 1.98. The business has a fifty day moving average of $108.59 and a 200 day moving average of $93.81.

Insider Activity at SkyWest

In other SkyWest news, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the completion of the sale, the chief executive officer now owns 349,548 shares of the company’s stock, valued at $38,964,115.56. This trade represents a 7.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Eric Woodward sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total transaction of $446,120.00. Following the transaction, the chief accounting officer now owns 44,426 shares in the company, valued at approximately $4,954,831.78. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,467 shares of company stock valued at $10,082,596. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

SKYW has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. TD Cowen boosted their price target on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Raymond James increased their price objective on SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SkyWest has an average rating of “Moderate Buy” and an average price target of $107.25.

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.