SkyWest, Inc. (NASDAQ:SKYW) released its earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.98 by $0.03, Briefing.com reports. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The firm had revenue of $831.93 million for the quarter, compared to analyst estimates of $817.43 million. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year.
Shares of SkyWest (SKYW) opened at $45.90 on Friday. The firm has a market cap of $2,380.00, a price-to-earnings ratio of 14.54 and a beta of 1.74. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.24 and a quick ratio of 1.06. SkyWest has a one year low of $30.40 and a one year high of $48.45.
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In other SkyWest news, COO Michael B. Thompson sold 5,868 shares of the business’s stock in a transaction on Monday, November 6th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell A. Childs sold 1,766 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.22, for a total transaction of $83,390.52. The disclosure for this sale can be found here. Insiders sold a total of 12,134 shares of company stock valued at $571,156 in the last quarter. 3.50% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of SkyWest from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 18th. Finally, Cowen and Company lifted their target price on shares of SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. SkyWest currently has an average rating of “Buy” and a consensus price target of $47.50.
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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