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DOW   33,336.67
QQQ   324.08
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Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
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DOW   33,336.67
QQQ   324.08
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Why Invest in High-Yield Dividend Stocks?
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NASDAQ:SKYW

SkyWest - SKYW Stock Forecast, Price & News

$23.66
-0.04 (-0.17%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$23.58
$24.51
50-Day Range
$20.36
$27.20
52-Week Range
$20.06
$53.05
Volume
320,112 shs
Average Volume
566,340 shs
Market Capitalization
$1.20 billion
P/E Ratio
13.92
Dividend Yield
N/A
Price Target
$37.20

SkyWest MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
57.2% Upside
$37.20 Price Target
Short Interest
Healthy
3.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.58
Upright™ Environmental Score
News Sentiment
0.04mentions of SkyWest in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$192,007 Sold Last Quarter
Proj. Earnings Growth
-21.36%
From $2.06 to $1.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Transportation Sector

58th out of 124 stocks

Air Transportation, Scheduled Industry

10th out of 18 stocks

SKYW stock logo

About SkyWest (NASDAQ:SKYW) Stock

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.

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SKYW Stock News Headlines

Breeze Airways to Add Workers in Utah - MarketWatch
SkyWest (NASDAQ:SKYW) Shares Gap Up on Strong Earnings
Here's what Wall Street expects from SkyWest's earnings
SkyWest (SKYW) Scheduled to Post Earnings on Thursday
Brokerages Set SkyWest, Inc. (NASDAQ:SKYW) PT at $37.75
SkyWest (NASDAQ:SKYW) Shares Gap Up to $21.74
7 Airline Stocks to Sell Now
7 Airline Stocks to Sell Now - InvestorPlace
See More Headlines
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SKYW Company Calendar

Last Earnings
7/28/2022
Today
8/11/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
Current Symbol
NASDAQ:SKYW
CUSIP
83087910
Employees
15,205
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$37.20
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+57.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$111.91 million
Pretax Margin
3.82%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$12.59 per share
Book Value
$46.36 per share

Miscellaneous

Free Float
49,576,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
1.78

Social Links


Key Executives














SKYW Stock - Frequently Asked Questions

Should I buy or sell SkyWest stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SkyWest in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKYW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKYW, but not buy additional shares or sell existing shares.
View SKYW analyst ratings
or view top-rated stocks.

What is SkyWest's stock price forecast for 2022?

5 brokers have issued 1-year price objectives for SkyWest's shares. Their SKYW share price forecasts range from $25.00 to $54.00. On average, they expect the company's share price to reach $37.20 in the next twelve months. This suggests a possible upside of 57.2% from the stock's current price.
View analysts price targets for SKYW
or view top-rated stocks among Wall Street analysts.

How have SKYW shares performed in 2022?

SkyWest's stock was trading at $39.30 at the beginning of the year. Since then, SKYW shares have decreased by 39.8% and is now trading at $23.66.
View the best growth stocks for 2022 here
.

When is SkyWest's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our SKYW earnings forecast
.

How were SkyWest's earnings last quarter?

SkyWest, Inc. (NASDAQ:SKYW) issued its earnings results on Thursday, July, 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.59. The transportation company earned $799.10 million during the quarter, compared to analyst estimates of $723.24 million. SkyWest had a trailing twelve-month return on equity of 6.53% and a net margin of 2.80%. The company's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share.

What is Chip Childs' approval rating as SkyWest's CEO?

290 employees have rated SkyWest Chief Executive Officer Chip Childs on Glassdoor.com. Chip Childs has an approval rating of 87% among the company's employees.

What other stocks do shareholders of SkyWest own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SkyWest investors own include Hawkins (HWKN), Delta Air Lines (DAL), Southwest Airlines (LUV), United Airlines (UAL), Micron Technology (MU), CA (CA), American Airlines Group (AAL), Advanced Micro Devices (AMD), Bank of America (BAC) and Johnson & Johnson (JNJ).

What is SkyWest's stock symbol?

SkyWest trades on the NASDAQ under the ticker symbol "SKYW."

Who are SkyWest's major shareholders?

SkyWest's stock is owned by a number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.16%), Principal Financial Group Inc. (0.62%), Deutsche Bank AG (0.58%), Victory Capital Management Inc. (0.36%), Rhumbline Advisers (0.30%) and Consolidated Capital Management LLC (0.21%). Insiders that own company stock include Eric Woodward, Henry J Eyring, Jerry C Atkin, Michael B Thompson, Robert J Simmons, Russell A Childs, W Steve Albrecht, Wade J Steel and Wade J Steel.
View institutional ownership trends
.

How do I buy shares of SkyWest?

Shares of SKYW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SkyWest's stock price today?

One share of SKYW stock can currently be purchased for approximately $23.66.

How much money does SkyWest make?

SkyWest (NASDAQ:SKYW) has a market capitalization of $1.20 billion and generates $2.71 billion in revenue each year. The transportation company earns $111.91 million in net income (profit) each year or $1.70 on an earnings per share basis.

How many employees does SkyWest have?

The company employs 15,205 workers across the globe.

When was SkyWest founded?

SkyWest was founded in 1972.

How can I contact SkyWest?

SkyWest's mailing address is 444 South River Road, St. George UT, 84790. The official website for the company is inc.skywest.com. The transportation company can be reached via phone at 435-634-3000, via email at investor.relations@skywest.com, or via fax at 435-634-3105.

This page (NASDAQ:SKYW) was last updated on 8/12/2022 by MarketBeat.com Staff

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