SkyWest (SKYW) Projected to Post Earnings on Thursday

SkyWest (NASDAQ:SKYW) is anticipated to announce its earnings results 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. Parties that wish to register for the company’s 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, topping the consensus estimate of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The company had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. During the same quarter last year, the firm posted $0.55 earnings per share. SkyWest’s revenue was up 19.1% compared to the same quarter last year. On average, analysts expect SkyWest to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SkyWest Stock Performance

Shares of SKYW stock opened at $113.51 on Tuesday. SkyWest has a one year low of $52.78 and a one year high of $117.51. 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 firm’s 50 day moving average price is $108.28 and its 200-day moving average price is $93.22. The firm has a market cap of $4.58 billion, a P/E ratio of 19.40 and a beta of 1.98.

Insider Buying and Selling

In other SkyWest news, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the completion of the sale, the chief executive officer now directly owns 349,548 shares of the company’s stock, valued at $38,964,115.56. The trade was a 7.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald J. Mittelstaedt sold 25,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $112.06, for a total value of $2,801,500.00. Following the completion of the transaction, the director now owns 11,283 shares in the company, valued at approximately $1,264,372.98. The trade was a 68.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,467 shares of company stock worth $10,082,596. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

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

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.