Brokerages Anticipate SkyWest, Inc. (SKYW) Will Post Earnings of $0.98 Per Share
Equities analysts predict that SkyWest, Inc. (NASDAQ:SKYW) will announce $0.98 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for SkyWest’s earnings, with estimates ranging from $0.95 to $1.02. SkyWest posted earnings of $0.90 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The company is scheduled to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that SkyWest will report full-year earnings of $3.24 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.35. For the next year, analysts expect that the business will post earnings of $3.69 per share, with EPS estimates ranging from $3.20 to $4.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow SkyWest.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million for the quarter, compared to the consensus estimate of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS.
A number of research analysts have commented on SKYW shares. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. BidaskClub lowered shares of SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Cowen and Company restated an “outperform” rating and issued a $44.00 price objective (up from $40.00) on shares of SkyWest in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.67.
Shares of SkyWest (SKYW) traded up 1.66% during midday trading on Friday, reaching $36.80. The company’s stock had a trading volume of 280,284 shares. SkyWest has a 52 week low of $25.04 and a 52 week high of $39.85. The company has a 50 day moving average of $35.82 and a 200-day moving average of $35.50. The stock’s market capitalization is $1.91 billion.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.87%. SkyWest’s dividend payout ratio (DPR) is -11.31%.
Several institutional investors have recently modified their holdings of SKYW. BlackRock Inc. increased its stake in shares of SkyWest by 49,259.4% during the first quarter. BlackRock Inc. now owns 6,176,837 shares of the transportation company’s stock worth $211,556,000 after acquiring an additional 6,164,323 shares during the period. FMR LLC increased its stake in shares of SkyWest by 170.4% during the first quarter. FMR LLC now owns 1,018,900 shares of the transportation company’s stock worth $34,897,000 after acquiring an additional 642,100 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of SkyWest by 3,410.0% during the second quarter. Harbour Capital Advisors LLC now owns 342,155 shares of the transportation company’s stock worth $9,748,000 after acquiring an additional 332,407 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of SkyWest by 574.6% during the first quarter. Kennedy Capital Management Inc. now owns 337,277 shares of the transportation company’s stock worth $11,552,000 after acquiring an additional 287,277 shares during the period. Finally, SG Capital Management LLC acquired a new position in shares of SkyWest during the second quarter worth about $9,765,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
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SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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