SkyWest (SKYW) Posts Quarterly Earnings Results, Meets Expectations
SkyWest (NASDAQ:SKYW) announced its earnings results on Thursday. The company reported ($0.44) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.44), AmericanBankingNews.com reports. The company had revenue of $772.39 million for the quarter, compared to the consensus estimate of $752.93 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of SkyWest from an “underperform” rating to a “neutral” rating in a research note on Monday, April 21st. They now have a $13.10 price target on the stock. Analysts at TheStreet downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.27.
SkyWest (NASDAQ:SKYW) traded down 1.17% on Thursday, hitting $11.79. 22,809 shares of the company’s stock traded hands. SkyWest has a 1-year low of $11.13 and a 1-year high of $17.29. The stock has a 50-day moving average of $12.58 and a 200-day moving average of $13.87. The company has a market cap of $605.7 million and a price-to-earnings ratio of 10.65.
SkyWest, Inc (NASDAQ:SKYW) through subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet) operates the regional airline in the United States.
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