SkyWest (NASDAQ:SKYW – Get Free Report) posted its quarterly earnings data on Thursday. The transportation company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24, Briefing.com reports. The company had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS.
SkyWest Stock Performance
SKYW traded up $6.13 on Friday, hitting $101.33. 691,262 shares of the company’s stock were exchanged, compared to its average volume of 405,734. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average of $84.34 and a two-hundred day moving average of $79.55. SkyWest has a twelve month low of $41.96 and a twelve month high of $103.49. The firm has a market cap of $4.06 billion, a PE ratio of 24.05 and a beta of 1.95.
Wall Street Analyst Weigh In
Separately, Raymond James upped their price target on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, SkyWest presently has an average rating of “Moderate Buy” and an average target price of $93.00.
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.
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