SkyWest (NASDAQ:SKYW – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect SkyWest to post earnings of $1.28 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
SkyWest (NASDAQ:SKYW – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.31. The business had revenue of $751.80 million for the quarter, compared to analyst estimates of $758.41 million. SkyWest had a return on equity of 1.59% and a net margin of 1.17%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.93) earnings per share. On average, analysts expect SkyWest to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
SkyWest Stock Up 3.3 %
Shares of SKYW stock opened at $71.38 on Tuesday. The firm has a market capitalization of $2.88 billion, a PE ratio of 82.05 and a beta of 1.95. SkyWest has a fifty-two week low of $23.37 and a fifty-two week high of $71.80. The stock’s 50-day simple moving average is $65.90 and its 200-day simple moving average is $54.29. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.80 and a current ratio of 0.90.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on SkyWest
Insiders Place Their Bets
In other SkyWest news, Director James L. Welch sold 2,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the transaction, the director now owns 56,067 shares in the company, valued at $3,740,790.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.
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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