SkyWest (NASDAQ:SKYW) Stock Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• SkyWest shares moved above their 200-day moving average of $96.21, trading as high as $97.54 and last changing hands at $96.54.
• Third-quarter EPS rose to $3.08 from $2.81 a year earlier and narrowly beat the FactSet consensus, while revenue increased 6.4% to $1.12 billion but missed estimates of approximately $1.14 billion.
• Analysts maintain a consensus “Hold” rating with an average $113 price target; SkyWest also authorized a $250 million share repurchase program covering up to 6.6% of outstanding shares.

SkyWest, Inc. (NASDAQ:SKYW - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $96.21 and traded as high as $97.54. SkyWest shares last traded at $96.54, with a volume of 252,939 shares trading hands.

More SkyWest News

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported third-quarter earnings of $3.08 per share, up from $2.81 a year earlier and slightly above the FactSet consensus estimate of $3.07. Net income reached approximately $120 million, supporting the positive reaction. SkyWest, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026
• Positive Sentiment: Quarterly revenue increased 6.4% year over year to $1.12 billion, while the company posted a 9.78% net margin and a 14.58% return on equity. The earnings call and results release provide additional context on operating performance. SkyWest Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst expectations varied: the reported EPS topped the $3.07 consensus cited by FactSet and MarketBeat, but was below the $3.13 estimate tracked by Zacks. This suggests the earnings beat was modest rather than decisive. SkyWest Q3 Earnings and Revenues Miss Estimates
• Negative Sentiment: Revenue of $1.12 billion missed the approximately $1.14 billion analyst estimate, potentially limiting upside despite stronger profits. SkyWest Inc Q3 Profit Advances

Wall Street Analysts Forecast Growth

SKYW has been the subject of several research analyst reports. Cantor Fitzgerald set a $116.00 price objective on SkyWest in a research report on Friday, October 2nd. TD Cowen reduced their target price on SkyWest from $123.00 to $116.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Weiss Ratings restated a "hold (c+)" rating on shares of SkyWest in a research report on Wednesday, October 14th. Finally, The Goldman Sachs Group cut shares of SkyWest from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $126.00 to $115.00 in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $113.00.

SkyWest Stock Performance

The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $96.83 and a two-hundred day moving average price of $96.21. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.38 and a beta of 1.47.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The transportation company reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $3.07 by $0.01. SkyWest had a return on equity of 14.58% and a net margin of 9.78%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company earned $2.81 earnings per share. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts forecast that SkyWest, Inc. will post 10.58 EPS for the current fiscal year.

SkyWest declared that its board has initiated a share buyback plan on Thursday, July 23rd that permits the company to buy back $250 million in shares. This repurchase authorization permits the transportation company to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, insider Wade Steel sold 22,000 shares of SkyWest stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $111.44, for a total transaction of $2,451,680.00. Following the completion of the sale, the insider directly owned 55,438 shares in the company, valued at $6,178,010.72. The trade was a 28.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of SkyWest

Hedge funds have recently bought and sold shares of the company. Soltis Investment Advisors LLC grew its position in shares of SkyWest by 0.5% in the third quarter. Soltis Investment Advisors LLC now owns 21,539 shares of the transportation company's stock valued at $2,088,000 after purchasing an additional 107 shares during the period. DGS Capital Management LLC increased its stake in SkyWest by 4.4% in the first quarter. DGS Capital Management LLC now owns 3,497 shares of the transportation company's stock valued at $321,000 after purchasing an additional 146 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in SkyWest by 10.8% in the first quarter. Physician Wealth Advisors Inc. now owns 1,894 shares of the transportation company's stock valued at $174,000 after purchasing an additional 184 shares during the last quarter. Farther Finance Advisors LLC increased its stake in SkyWest by 78.6% in the third quarter. Farther Finance Advisors LLC now owns 468 shares of the transportation company's stock valued at $45,000 after purchasing an additional 206 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in SkyWest by 2.0% during the first quarter. Royal Bank of Canada now owns 12,966 shares of the transportation company's stock worth $1,191,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 81.30% of the company's stock.

SkyWest Company Profile

SkyWest, Inc NASDAQ: SKYW is an airline holding company that operates regional passenger air service in the United States. Its primary subsidiary, SkyWest Airlines, connects smaller and midsized communities with larger airline hubs and provides scheduled flights under capacity-purchase agreements with major airline partners.

SkyWest Airlines operates flights under the United Express, Delta Connection and Alaska Airlines brands, serving destinations throughout the United States and select locations in Canada, Mexico and the Bahamas.

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