Brokerages predict that SkyWest, Inc. (NASDAQ:SKYW) will post $1.06 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for SkyWest’s earnings. The highest EPS estimate is $1.11 and the lowest is $1.02. SkyWest reported earnings of $0.81 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 30.9%. The business is expected to report its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that SkyWest will report full-year earnings of $5.09 per share for the current financial year, with EPS estimates ranging from $5.05 to $5.14. For the next fiscal year, analysts anticipate that the business will report earnings of $5.49 per share, with EPS estimates ranging from $5.35 to $5.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for SkyWest.
SkyWest (NASDAQ:SKYW) last posted its earnings results on Tuesday, October 30th. The transportation company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. SkyWest had a net margin of 15.65% and a return on equity of 13.99%. The business had revenue of $829.00 million during the quarter, compared to the consensus estimate of $825.57 million. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS.
SKYW has been the topic of a number of research reports. Zacks Investment Research reiterated a “hold” rating and issued a $63.00 price target on shares of SkyWest in a report on Thursday, November 15th. Goldman Sachs Group started coverage on shares of SkyWest in a report on Monday, November 12th. They set a “neutral” rating and a $62.00 price target on the stock. BidaskClub upgraded shares of SkyWest from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Imperial Capital reissued an “in-line” rating and issued a $58.00 price objective on shares of SkyWest in a research report on Friday, November 2nd. Finally, Raymond James boosted their price objective on shares of SkyWest from $69.00 to $70.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 31st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $65.57.
Shares of SkyWest stock traded up $2.17 on Friday, hitting $57.68. 334,931 shares of the company’s stock were exchanged, compared to its average volume of 220,135. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.15 and a quick ratio of 1.02. SkyWest has a 1 year low of $46.99 and a 1 year high of $65.80. The stock has a market capitalization of $2.99 billion, a PE ratio of 16.82 and a beta of 1.56.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Monday, December 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, December 28th. SkyWest’s dividend payout ratio is currently 11.66%.
A number of institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA acquired a new stake in shares of SkyWest during the third quarter valued at about $150,000. Tower Research Capital LLC TRC lifted its stake in SkyWest by 924.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the transportation company’s stock worth $160,000 after acquiring an additional 2,451 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of SkyWest during the 3rd quarter worth approximately $204,000. Everence Capital Management Inc. purchased a new stake in shares of SkyWest during the 3rd quarter worth approximately $209,000. Finally, Ifrah Financial Services Inc. purchased a new stake in shares of SkyWest during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 89.99% of the company’s stock.
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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