Share Buyback Plan Announced by SkyWest (NASDAQ:SKYW)

SkyWest (NASDAQ:SKYW) declared that its Board of Directors has approved a share buyback program on Thursday, July 23rd, RTT News reports. The company plans to buyback $250.00 million in shares. This buyback authorization permits the transportation company to buy up to 6.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SKYW. Citigroup raised their target price on shares of SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. The Goldman Sachs Group cut shares of SkyWest from a “buy” rating to a “neutral” rating and cut their price target for the stock from $126.00 to $115.00 in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, TD Cowen lifted their price objective on SkyWest from $98.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, SkyWest presently has a consensus rating of “Moderate Buy” and an average target price of $121.17.

SkyWest Trading Up 7.7%

SKYW stock opened at $103.65 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.50 and a beta of 1.45. The business has a fifty day simple moving average of $92.03 and a 200-day simple moving average of $94.45. SkyWest has a 52 week low of $77.89 and a 52 week high of $123.94.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 23rd. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.16). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. SkyWest had a net margin of 9.78% and a return on equity of 14.63%. SkyWest’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.91 EPS. On average, equities research analysts expect that SkyWest will post 10.57 EPS for the current year.

SkyWest News Summary

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported Q2 2026 revenue of about $1.10 billion, up 6.5% year over year, showing continued demand and healthier top-line momentum. SkyWest, Inc. Announces Second Quarter 2026 Profit
• Positive Sentiment: The company projected 2026 GAAP EPS in the “$11 area,” which suggests management sees continued earnings strength ahead. SkyWest projects 2026 GAAP EPS in the $11 area while outlining $700M CapEx
• Positive Sentiment: Wall Street commentary remains constructive on SkyWest, and a bullish analyst tone can support the stock by reinforcing confidence in the outlook. Is It Worth Investing in SkyWest (SKYW) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Q2 earnings of $2.54 per share were roughly in line with consensus but below some higher estimates, while revenue slightly missed expectations. SkyWest (SKYW) Q2 Earnings and Revenues Miss Estimates
• Negative Sentiment: Higher fuel costs in the prorate business pressured quarterly results, which may weigh on margins if the cost trend continues. SkyWest, Inc. Announces Second Quarter 2026 Profit

SkyWest Company Profile

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.