SkyWest (SKYW) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $95.10 to $97.99
• 50-Day Range: $74.38 to $96.53
• 52-Week Range: $41.18 to $97.99
• Volume: 579,386 shs
• Average Volume: 404,379 shs
• Market Capitalization: $3.82 billion
• P/E Ratio: 22.45
• Dividend Yield: N/A
• Price Target: $76.67
• Consensus Rating: Moderate Buy

SkyWest Stock Analysis - MarketRank™

SkyWest scored higher than 67% of companies evaluated by MarketBeat, and ranked 77th out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SkyWest has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

SkyWest has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 13.37%

Earnings Growth

Earnings for SkyWest are expected to grow by 13.37% in the coming year, from $6.88 to $7.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SkyWest is 22.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

Price to Earnings Ratio vs. Sector

The P/E ratio of SkyWest is 22.45, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.22.

Price to Book Value per Share Ratio

SkyWest has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.18% of the float of SkyWest has been sold short.

Short Interest Ratio / Days to Cover

SkyWest has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SkyWest has recently decreased by 3.15%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

SkyWest does not currently pay a dividend.

Dividend Growth

SkyWest does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of SkyWest is 13.21%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SkyWest will have a dividend payout ratio of 7.18% next year. This indicates that SkyWest will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.0 / 5
• Environmental Score: -5.58

Percentage of Shares Shorted

3.18% of the float of SkyWest has been sold short.

Short Interest Ratio / Days to Cover

SkyWest has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SkyWest has recently decreased by 3.15%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.45

News Sentiment

SkyWest has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for SkyWest this week, compared to 7 articles on an average week.

Search Interest

Only 3 people have searched for SKYW on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

9 people have added SkyWest to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SkyWest insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.00% of the stock of SkyWest is held by insiders.

Percentage Held by Institutions

81.30% of the stock of SkyWest is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SKYW Stock Analysis - Frequently Asked Questions

How have SKYW shares performed this year?

SkyWest's stock was trading at $52.20 at the beginning of the year. Since then, SKYW stock has increased by 82.4% and is now trading at $95.20.
View the best growth stocks for 2024 here.

How were SkyWest's earnings last quarter?

SkyWest, Inc. (NASDAQ:SKYW) posted its earnings results on Thursday, July, 25th. The transportation company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.09. The business's revenue for the quarter was up 19.5% on a year-over-year basis.

Who are SkyWest's major shareholders?

SkyWest's top institutional investors include U S Global Investors Inc. (1.00%), Principal Financial Group Inc. (0.54%), Creative Planning (0.13%) and New York State Teachers Retirement System (0.13%). Insiders that own company stock include Russell A Childs, Robert J Simmons, Wade J Steel, Greg Wooley, Eric Woodward, James L Welch and Jerry C Atkin.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SkyWest own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SkyWest investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 7/25/2024
• Today: 10/31/2024
• Next Earnings (Confirmed): 10/31/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Air transportation, scheduled
• Sub-Industry: Airlines
• Current Symbol: NASDAQ:SKYW
• CUSIP: 83087910
• CIK: 793733
• Web: inc.skywest.com
• Phone: 435-634-3000
• Fax: 435-634-3105
• Employees: 13,121
• Year Founded: 1972

Price Target and Rating

• Average Stock Price Target: $76.67
• High Stock Price Target: $95.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: -21.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.24
• Trailing P/E Ratio: 22.97
• Forward P/E Ratio: 14.16
• P/E Growth: N/A
• Net Income: $34.34 million
• Net Margins: 5.55%
• Pretax Margin: 7.25%
• Return on Equity: 8.18%
• Return on Assets: 2.52%

Debt

• Debt-to-Equity Ratio: 1.02
• Current Ratio: 0.84
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $2.94 billion
• Price / Sales: 1.33
• Cash Flow: $10.56 per share
• Price / Cash Flow: 9.22
• Book Value: $51.62 per share
• Price / Book: 1.89

Miscellaneous

• Outstanding Shares: 40,100,000
• Free Float: 39,101,000
• Market Cap: $3.91 billion
• Optionable: Optionable
• Beta: 1.95