Analysts expect SkyWest, Inc. (NASDAQ:SKYW) to report $1.22 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for SkyWest’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.20. SkyWest posted earnings per share of $0.95 during the same quarter last year, which indicates a positive year-over-year growth rate of 28.4%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, July 26th.
On average, analysts expect that SkyWest will report full year earnings of $4.64 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.70. For the next financial year, analysts expect that the business will post earnings of $5.16 per share, with EPS estimates ranging from $4.90 to $5.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow SkyWest.
Get SkyWest alerts:SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, April 26th. The transportation company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.17. SkyWest had a net margin of 13.92% and a return on equity of 12.52%. The firm had revenue of $783.40 million for the quarter, compared to the consensus estimate of $767.41 million. During the same period in the prior year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Thursday, April 5th. ValuEngine downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Imperial Capital upped their target price on shares of SkyWest from $55.00 to $60.00 and gave the stock a “line” rating in a research note on Monday, April 30th. BidaskClub raised shares of SkyWest from a “hold” rating to a “buy” rating in a research note on Thursday, April 19th. Finally, Cowen upped their target price on shares of SkyWest from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, April 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.20.
Large investors have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC purchased a new stake in shares of SkyWest in the 1st quarter valued at approximately $105,000. Natixis purchased a new stake in shares of SkyWest in the 1st quarter valued at approximately $207,000. CAMG Solamere Management LLC purchased a new stake in shares of SkyWest in the 1st quarter valued at approximately $216,000. Suntrust Banks Inc. purchased a new stake in shares of SkyWest in the 4th quarter valued at approximately $218,000. Finally, HBK Investments L P purchased a new stake in shares of SkyWest in the 4th quarter valued at approximately $218,000. 89.25% of the stock is currently owned by institutional investors.
SKYW traded up $1.00 during trading hours on Wednesday, hitting $54.75. 131,641 shares of the company’s stock were exchanged, compared to its average volume of 243,697. SkyWest has a 12-month low of $31.75 and a 12-month high of $60.65. The company has a market cap of $2.80 billion, a P/E ratio of 15.93 and a beta of 1.71. The company has a quick ratio of 1.00, a current ratio of 1.14 and a debt-to-equity ratio of 1.37.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 5th. Shareholders of record on Friday, June 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, June 28th. SkyWest’s dividend payout ratio is presently 11.66%.
SkyWest Company Profile
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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