SkyWest (SKYW) to Release Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.28 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.31. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The firm had revenue of $751.80 million for the quarter, compared to analyst estimates of $758.41 million. During the same period in the previous year, the firm posted ($0.93) EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect SkyWest to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SkyWest Trading Up 1.9 %

SKYW traded up $1.30 during trading on Thursday, reaching $68.03. 630,376 shares of the company's stock were exchanged, compared to its average volume of 472,413. SkyWest has a one year low of $23.37 and a one year high of $71.15. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2.75 billion, a PE ratio of 79.18 and a beta of 1.95. The firm has a fifty day moving average price of $65.30 and a two-hundred day moving average price of $53.60.

Analyst Ratings Changes

SKYW has been the topic of a number of analyst reports. TD Cowen raised shares of SkyWest from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $55.00 to $68.00 in a research note on Monday, February 5th. Raymond James upped their price objective on shares of SkyWest from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Evercore ISI upped their price objective on shares of SkyWest from $60.00 to $70.00 and gave the company an "in-line" rating in a research note on Thursday, April 4th. StockNews.com upgraded shares of SkyWest from a "hold" rating to a "buy" rating in a research report on Monday, February 5th. Finally, TheStreet upgraded shares of SkyWest from a "c" rating to a "b-" rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SkyWest presently has an average rating of "Moderate Buy" and a consensus price target of $62.25.

Insider Activity at SkyWest

In related news, Director James L. Welch sold 2,000 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the transaction, the director now owns 56,067 shares in the company, valued at approximately $3,740,790.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Creative Planning raised its holdings in SkyWest by 0.4% during the fourth quarter. Creative Planning now owns 58,274 shares of the transportation company's stock worth $3,042,000 after buying an additional 207 shares during the last quarter. Cerity Partners LLC acquired a new position in SkyWest during the first quarter worth $342,000. Great West Life Assurance Co. Can raised its holdings in SkyWest by 1.3% during the first quarter. Great West Life Assurance Co. Can now owns 43,153 shares of the transportation company's stock worth $1,277,000 after buying an additional 556 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of SkyWest by 4.9% in the fourth quarter. Captrust Financial Advisors now owns 17,052 shares of the transportation company's stock valued at $282,000 after purchasing an additional 803 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of SkyWest by 35.0% in the third quarter. UBS Group AG now owns 3,199 shares of the transportation company's stock valued at $53,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

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.