SkyWest (SKYW) Projected to Post Earnings on Thursday

SkyWest (NASDAQ:SKYW) is expected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $915,568.72 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company had revenue of $912.79 million during the quarter, compared to the consensus estimate of $896.21 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis. On average, analysts expect SkyWest to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SkyWest Trading Up 1.1 %

NASDAQ:SKYW opened at $116.06 on Thursday. SkyWest has a one year low of $50.88 and a one year high of $117.51. The business’s 50-day simple moving average is $108.08 and its 200 day simple moving average is $92.57. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 19.84 and a beta of 1.98.

Analysts Set New Price Targets

SKYW has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th. TD Cowen raised their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James upped their target price on shares of SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, SkyWest has an average rating of “Moderate Buy” and a consensus target price of $107.25.

Insiders Place Their Bets

In related news, Director Ronald J. Mittelstaedt sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the completion of the transaction, the director now directly owns 11,283 shares in the company, valued at $1,264,372.98. This represents a 68.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the transaction, the insider now directly owns 97,654 shares of the company’s stock, valued at approximately $10,202,889.92. This trade represents a 16.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,467 shares of company stock valued at $10,082,596 over the last 90 days. 2.50% of the stock is owned by company insiders.

About SkyWest

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.