SkyWest (SKYW) Set to Announce Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW) is scheduled to 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. Parties that are interested in registering for the company’s 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.31. The firm had revenue of $751.80 million during the quarter, compared to analysts’ expectations of $758.41 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company 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 Trading Up 0.1 %

NASDAQ SKYW opened at $66.73 on Thursday. SkyWest has a 1 year low of $23.37 and a 1 year high of $71.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market capitalization of $2.69 billion, a PE ratio of 76.70 and a beta of 1.95. The company has a fifty day moving average of $65.16 and a 200 day moving average of $53.51.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com upgraded SkyWest from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Raymond James lifted their price target on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI raised their target price on SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. TheStreet upgraded shares of SkyWest from a “c” rating to a “b-” rating in a research report on Friday, February 2nd. Finally, TD Cowen upgraded shares of SkyWest from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $68.00 in a report on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $62.25.

Insider Activity

In related news, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the sale, the director now directly owns 56,067 shares in the company, valued at approximately $3,740,790.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SKYW. BlackRock Inc. increased its position in shares of SkyWest by 0.9% during the first quarter. BlackRock Inc. now owns 8,432,804 shares of the transportation company’s stock worth $186,955,000 after acquiring an additional 71,555 shares during the period. Vanguard Group Inc. lifted its holdings in SkyWest by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,929,452 shares of the transportation company’s stock worth $96,413,000 after buying an additional 251,492 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of SkyWest by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,375,623 shares of the transportation company’s stock worth $97,386,000 after acquiring an additional 64,082 shares in the last quarter. State Street Corp raised its holdings in SkyWest by 14.4% during the first quarter. State Street Corp now owns 2,442,697 shares of the transportation company’s stock worth $70,472,000 after purchasing an additional 306,987 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of SkyWest by 6.3% during the first quarter. Geode Capital Management LLC now owns 1,001,393 shares of the transportation company’s stock worth $22,201,000 after purchasing an additional 59,081 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

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.