Wall Street analysts forecast that SkyWest, Inc. (NASDAQ:SKYW) will announce sales of $770.52 million for the current quarter, Zacks reports. Three analysts have issued estimates for SkyWest’s earnings, with the highest sales estimate coming in at $778.70 million and the lowest estimate coming in at $755.00 million. SkyWest reported sales of $758.02 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is expected to issue its next earnings results on Thursday, February 1st.

On average, analysts expect that SkyWest will report full-year sales of $770.52 million for the current fiscal year, with estimates ranging from $3.16 billion to $3.19 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.19 billion per share, with estimates ranging from $3.03 billion to $3.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for SkyWest.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The firm had revenue of $831.93 million during the quarter, compared to analyst estimates of $817.43 million. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. SkyWest’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS.

Several brokerages recently commented on SKYW. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, November 22nd. Imperial Capital increased their price target on shares of SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a report on Tuesday, October 31st. Deutsche Bank increased their price target on shares of SkyWest from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Cowen increased their price target on shares of SkyWest from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, October 2nd. Finally, ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.60.

SkyWest (SKYW) opened at $52.95 on Wednesday. The company has a market cap of $2,721.73, a P/E ratio of 16.67 and a beta of 1.77. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.24 and a quick ratio of 1.09. SkyWest has a 1 year low of $30.40 and a 1 year high of $54.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. SkyWest’s payout ratio is -12.26%.

In related news, COO Michael B. Thompson sold 1,476 shares of SkyWest stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $51.45, for a total value of $75,940.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Terry Vais sold 12,075 shares of SkyWest stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $51.52, for a total transaction of $622,104.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,239 shares of company stock worth $7,512,577 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its stake in SkyWest by 108.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 1,488 shares during the period. Riverhead Capital Management LLC lifted its holdings in SkyWest by 81.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 1,862 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in SkyWest by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 419 shares in the last quarter. Pitcairn Co. purchased a new position in SkyWest in the 3rd quarter valued at $205,000. Finally, Shelton Capital Management purchased a new position in SkyWest in the 3rd quarter valued at $218,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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Earnings History and Estimates for SkyWest (NASDAQ:SKYW)

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