SkyWest (NASDAQ:SKYW) Posts Earnings Results, Beats Estimates By $0.59 EPS

SkyWest (NASDAQ:SKYW) issued its quarterly earnings data on Thursday. The transportation company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59, Zacks reports. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. During the same quarter last year, the company posted $0.42 EPS.

SkyWest Stock Up 0.8 %

SKYW stock traded up $0.93 during midday trading on Thursday, hitting $116.76. The company’s stock had a trading volume of 490,278 shares, compared to its average volume of 331,769. The company’s fifty day moving average price is $108.59 and its 200 day moving average price is $93.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. SkyWest has a twelve month low of $52.78 and a twelve month high of $119.36. The stock has a market capitalization of $4.71 billion, a P/E ratio of 19.96 and a beta of 1.98.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James lifted their target price on SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Finally, TD Cowen raised their target price on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.25.

Insider Activity at SkyWest

In other news, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total value of $3,110,347.41. Following the completion of the transaction, the chief executive officer now owns 349,548 shares of the company’s stock, valued at $38,964,115.56. This trade represents a 7.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the transaction, the insider now owns 97,654 shares in the company, valued at $10,202,889.92. This represents a 16.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,467 shares of company stock valued at $10,082,596. 2.00% of the stock is owned by insiders.

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.