SkyWest, Inc. (NASDAQ:SKYW) posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03, Briefing.com reports. The firm had revenue of $831.93 million for 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS.
SkyWest (NASDAQ:SKYW) traded up $0.10 during trading on Friday, hitting $45.90. The stock had a trading volume of 346,700 shares, compared to its average volume of 341,933. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.06 and a current ratio of 1.24. The stock has a market cap of $2,380.00, a PE ratio of 14.54 and a beta of 1.74. SkyWest has a 12 month low of $30.40 and a 12 month high of $48.45.
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Several equities research analysts have commented on SKYW shares. BidaskClub lowered shares of SkyWest from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company restated an “outperform” rating and set a $44.00 target price (up from $40.00) on shares of SkyWest in a research report on Monday, August 7th. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 29th. Finally, Zacks Investment Research lowered shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.50.
In other news, COO Michael B. Thompson sold 5,868 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $47.08, for a total transaction of $276,265.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wade J. Steel sold 4,500 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.00, for a total value of $211,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,134 shares of company stock worth $571,156. Corporate insiders own 3.50% of the company’s stock.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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