SkyWest (SKYW) to Release Quarterly Earnings on Thursday

SkyWest (NASDAQ:SKYW - Get Free Report) will likely be announcing its Q2 2025 earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $2.31 per share and revenue of $979.95 million for the quarter.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.38. The firm had revenue of $948.46 million for the quarter, compared to analysts' expectations of $946.13 million. SkyWest had a return on equity of 15.41% and a net margin of 9.89%. The company's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. On average, analysts expect SkyWest to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

SkyWest Price Performance

SkyWest stock opened at $111.03 on Thursday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.36 and a beta of 1.88. SkyWest has a 52-week low of $64.61 and a 52-week high of $135.57. The stock's 50 day moving average price is $102.43 and its two-hundred day moving average price is $99.44. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.66 and a current ratio of 0.76.

SkyWest declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 7th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the transportation company to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 17,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $103.75, for a total transaction of $1,763,750.00. Following the transaction, the chief financial officer directly owned 131,203 shares in the company, valued at approximately $13,612,311.25. This trade represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wade J. Steel sold 15,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $101.02, for a total value of $1,515,300.00. Following the transaction, the insider owned 119,416 shares in the company, valued at approximately $12,063,404.32. This trade represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,000 shares of company stock worth $4,994,520. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On SkyWest

A hedge fund recently raised its stake in SkyWest stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,590 shares of the transportation company's stock after purchasing an additional 1,034 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of SkyWest worth $2,061,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 81.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised SkyWest from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Raymond James Financial lowered their target price on SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Finally, Evercore ISI raised SkyWest from an "in-line" rating to an "outperform" rating and set a $120.00 target price on the stock in a research report on Tuesday, July 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $120.50.

About SkyWest

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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