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. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. Based in St. George, Utah, SkyWest employs nearly 17,000 employees.
Wall Street Analyst Weigh In
Several brokerages have recently commented on SKYW. Evercore ISI cut their price target on SkyWest from $35.00 to $25.00 and set an "in-line" rating on the stock in a research note on Monday, June 27th. Raymond James downgraded shares of SkyWest from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of SkyWest from $30.00 to $25.00 in a research report on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, SkyWest presently has an average rating of "Hold" and a consensus price target of $37.20.
SkyWest Trading Down 0.2 %
Shares of NASDAQ:SKYW opened at $23.66 on Friday. SkyWest has a 1-year low of $20.06 and a 1-year high of $53.05. The business has a fifty day moving average price of $22.63 and a 200 day moving average price of $26.78. The stock has a market capitalization of $1.20 billion, a P/E ratio of 13.92 and a beta of 1.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.02 and a quick ratio of 0.92.
SkyWest (NASDAQ:SKYW - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.48 by $0.59. SkyWest had a net margin of 2.80% and a return on equity of 6.53%. The business had revenue of $799.10 million during the quarter, compared to analyst estimates of $723.24 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The company's quarterly revenue was up 21.6% on a year-over-year basis. Equities research analysts expect that SkyWest will post 2.06 EPS for the current fiscal year.
Insider Buying and Selling
In other SkyWest news, CFO Robert J. Simmons sold 7,783 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $24.67, for a total value of $192,006.61. Following the completion of the sale, the chief financial officer now directly owns 62,283 shares in the company, valued at $1,536,521.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.