Q1 2018 EPS Estimates for SkyWest, Inc. Raised by Imperial Capital (SKYW)

SkyWest, Inc. (NASDAQ:SKYW) – Investment analysts at Imperial Capital increased their Q1 2018 earnings estimates for shares of SkyWest in a research report issued to clients and investors on Tuesday. Imperial Capital analyst M. Derchin now expects that the transportation company will post earnings of $0.83 per share for the quarter, up from their previous estimate of $0.78. Imperial Capital currently has a “In-Line” rating and a $55.00 target price on the stock. Imperial Capital also issued estimates for SkyWest’s Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.30 EPS and FY2019 earnings at $5.00 EPS.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, February 1st. The transportation company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm had revenue of $797.20 million for the quarter, compared to analyst estimates of $778.13 million. SkyWest had a return on equity of 12.08% and a net margin of 13.39%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share.

Several other research firms also recently issued reports on SKYW. Zacks Investment Research raised SkyWest from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, November 22nd. Deutsche Bank lifted their price target on SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. BidaskClub downgraded SkyWest from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Finally, Raymond James Financial lifted their price target on SkyWest from $62.00 to $65.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and four have issued a strong buy rating to the company’s stock. SkyWest currently has a consensus rating of “Buy” and an average target price of $56.00.

SkyWest (NASDAQ:SKYW) opened at $52.85 on Wednesday. SkyWest has a twelve month low of $30.40 and a twelve month high of $58.00. The firm has a market capitalization of $2,703.59, a PE ratio of 15.25 and a beta of 1.78. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.09 and a current ratio of 1.21.

In related news, Director Henry J. Eyring sold 1,500 shares of SkyWest stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $46.55, for a total value of $69,825.00. Following the sale, the director now owns 36,362 shares of the company’s stock, valued at $1,692,651.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Terry Vais sold 12,075 shares of SkyWest stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $51.52, for a total value of $622,104.00. The disclosure for this sale can be found here. Insiders sold a total of 143,605 shares of company stock worth $7,011,246 in the last three months. Company insiders own 3.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of SkyWest by 1.8% in the second quarter. Vanguard Group Inc. now owns 5,893,643 shares of the transportation company’s stock valued at $206,868,000 after acquiring an additional 105,193 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of SkyWest by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,488,411 shares of the transportation company’s stock valued at $79,034,000 after acquiring an additional 68,348 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of SkyWest by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 1,243,724 shares of the transportation company’s stock valued at $54,603,000 after acquiring an additional 33,310 shares during the last quarter. LSV Asset Management increased its position in shares of SkyWest by 3.2% in the fourth quarter. LSV Asset Management now owns 1,130,887 shares of the transportation company’s stock valued at $60,050,000 after acquiring an additional 34,850 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SkyWest by 9.9% in the third quarter. Bank of New York Mellon Corp now owns 1,034,140 shares of the transportation company’s stock valued at $45,398,000 after acquiring an additional 93,373 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

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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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