Sky Harbour Group (NYSE:SKYH) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Sky Harbour Group reported quarterly EPS of -$0.16, missing analyst estimates by $0.03, and revenue of $8.73 million, also below expectations.
• On the conference call, management said Q1 revenue rose 56% year over year and the company ended the quarter with $352 million in assets under construction and completed construction.
• The company said it has a $368 million liquidity buffer and is fully funded to double in size without additional capital, while also issuing 2026 guidance for $42 million to $46 million in annualized revenue run rate and $4 million to $6 million in adjusted EBITDA.

Sky Harbour Group (NYSE:SKYH - Get Free Report) announced its earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03), FiscalAI reports. Sky Harbour Group had a return on equity of 8.03% and a net margin of 68.33%.The business had revenue of $8.73 million for the quarter, compared to analyst estimates of $9.78 million.

Here are the key takeaways from Sky Harbour Group's conference call:

• Sky Harbour said Q1 revenue rose 56% year over year and the company ended the quarter with $352 million in assets under construction and completed construction, up $75 million from a year ago.
• Management highlighted that the company now has a $368 million liquidity buffer, including $187 million in cash and U.S. Treasuries, and says it is fully funded to double in size without additional capital.
• The company introduced 2026 guidance for an annualized revenue run rate of $42 million to $46 million and adjusted EBITDA of $4 million to $6 million, driven by Opa-locka Phase 2 and higher occupancy at Denver and Phoenix.
• Management said the leasing model is showing strong pricing power, with 23% average re-lease increases over the last 12 months and economic occupancy at or above 100% on nearly all campuses.
• The company is leaning heavily into same-field expansions and tier 1 airports, with Stewart, Bradley, Addison Phase 2 and other projects under construction or in pre-construction, while warning that the biggest financial impact will likely show up in 2027 and 2028.

Sky Harbour Group Trading Down 0.1%

Shares of SKYH traded down $0.01 during mid-day trading on Thursday, reaching $9.42. The company had a trading volume of 181,257 shares, compared to its average volume of 112,735. The stock has a market cap of $717.43 million, a price-to-earnings ratio of 942.00 and a beta of 1.39. The firm has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $9.47. Sky Harbour Group has a fifty-two week low of $8.22 and a fifty-two week high of $12.67.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings assumed coverage on shares of Sky Harbour Group in a research report on Monday, March 23rd. They issued a "sell (d+)" rating for the company. BTIG Research restated a "buy" rating and issued a $13.00 price objective on shares of Sky Harbour Group in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

Insider Buying and Selling at Sky Harbour Group

In related news, major shareholder Omaha Corp Boston sold 331,500 shares of Sky Harbour Group stock in a transaction on Monday, April 6th. The shares were sold at an average price of $9.05, for a total transaction of $3,000,075.00. Following the transaction, the insider owned 8,666,163 shares in the company, valued at approximately $78,428,775.15. The trade was a 3.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 40.77% of the company's stock.

Institutional Investors Weigh In On Sky Harbour Group

Several hedge funds and other institutional investors have recently modified their holdings of SKYH. First Manhattan CO. LLC. bought a new stake in shares of Sky Harbour Group during the 4th quarter valued at about $1,203,000. Barclays PLC grew its position in Sky Harbour Group by 9.1% in the 4th quarter. Barclays PLC now owns 33,262 shares of the company's stock worth $298,000 after purchasing an additional 2,785 shares during the last quarter. State Street Corp grew its position in Sky Harbour Group by 2.5% in the 4th quarter. State Street Corp now owns 581,050 shares of the company's stock worth $5,212,000 after purchasing an additional 14,035 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Sky Harbour Group by 65.4% in the fourth quarter. Wells Fargo & Company MN now owns 23,267 shares of the company's stock valued at $209,000 after acquiring an additional 9,199 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Sky Harbour Group by 9.9% during the 4th quarter. Deutsche Bank AG now owns 15,007 shares of the company's stock valued at $135,000 after purchasing an additional 1,357 shares during the period. Institutional investors own 14.75% of the company's stock.

Sky Harbour Group Company Profile

Sky Harbour Group Inc is a U.S.-based real estate development and operating company focused on private aviation infrastructure. The company specializes in the acquisition, design and management of fixed-base operations (FBOs), aircraft hangarage and private terminals that serve business and general aviation operators. By providing expedited ground handling, concierge services and state-of-the-art facilities, Sky Harbour seeks to streamline the operations of private jet owners, fractional-ownership programs and charter operators while reducing congestion at major airports.

Through strategic leases and joint-venture partnerships, Sky Harbour has established a growing presence at key regional and metropolitan airports across the United States.

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