SkyWest (SKYW) to Release Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW) will likely be announcing its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $915,568.72 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter last year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts expect SkyWest to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SkyWest Price Performance

Shares of SkyWest stock opened at $116.06 on Thursday. SkyWest has a 52 week low of $50.88 and a 52 week high of $117.51. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a market cap of $4.68 billion, a PE ratio of 19.84 and a beta of 1.98. The company’s 50-day moving average price is $108.08 and its two-hundred day moving average price is $92.57.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James increased their target price on shares of SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. TD Cowen increased their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.25.

Insider Activity

In related news, CEO Russell A. Childs sold 27,903 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value 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 approximately $38,964,115.56. The trade was a 7.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Wade J. Steel sold 19,079 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the completion of the sale, the insider now owns 97,654 shares of the company’s stock, valued at $10,202,889.92. This represents a 16.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,467 shares of company stock worth $10,082,596 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

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.