SkyWest (NASDAQ:SKYW) Issues Quarterly Earnings Results

SkyWest (NASDAQ:SKYW) released its earnings results 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 return on equity of 11.02% and a net margin of 7.29%. During the same period in the previous year, the company earned $0.42 EPS.

SkyWest Stock Up 0.8 %

Shares of SkyWest stock opened at $116.76 on Friday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 19.96 and a beta of 1.98. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $108.59 and its 200 day moving average is $93.81. SkyWest has a twelve month low of $52.78 and a twelve month high of $119.36.

Analysts Set New Price Targets

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

Insider Activity

In related news, CFO Robert J. Simmons sold 16,485 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.02, for a total transaction of $1,731,254.70. Following the completion of the sale, the chief financial officer now directly owns 113,539 shares in the company, valued at approximately $11,923,865.78. The trade was a 12.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total transaction of $446,120.00. Following the sale, the chief accounting officer now directly owns 44,426 shares of the company’s stock, valued at approximately $4,954,831.78. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,467 shares of company stock valued at $10,082,596 in the last ninety days. 2.00% of the stock is currently owned by company 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.