SkyWest (NASDAQ:SKYW – Get Rating) is scheduled to announce its earnings results after the market closes on Thursday, February 2nd. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
SkyWest (NASDAQ:SKYW – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The transportation company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.24. SkyWest had a return on equity of 5.35% and a net margin of 4.01%. The company had revenue of $789.44 million during the quarter, compared to analyst estimates of $829.52 million. On average, analysts expect SkyWest to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.
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SkyWest Stock Performance
Shares of SKYW stock opened at $19.86 on Thursday. The stock has a fifty day moving average of $17.91 and a 200 day moving average of $19.22. SkyWest has a 52 week low of $14.76 and a 52 week high of $39.93. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 8.04 and a beta of 1.75. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.
Analyst Ratings Changes
SKYW has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on SkyWest in a research note on Friday, December 16th. They issued a "sell" rating and a $15.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price target on SkyWest from $25.00 to $19.00 in a research note on Tuesday, December 20th. TheStreet lowered SkyWest from a "c" rating to a "d+" rating in a research report on Wednesday, November 16th. Cowen lowered their price objective on SkyWest to $24.00 in a research report on Tuesday, November 1st. Finally, StockNews.com started coverage on SkyWest in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $24.60.
Hedge Funds Weigh In On SkyWest
Several large investors have recently modified their holdings of the stock. UBS Group AG increased its holdings in SkyWest by 35.0% in the 3rd quarter. UBS Group AG now owns 3,199 shares of the transportation company's stock worth $53,000 after buying an additional 829 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of SkyWest by 60.2% during the 1st quarter. Penserra Capital Management LLC now owns 3,445 shares of the transportation company's stock valued at $99,000 after purchasing an additional 1,295 shares during the period. US Bancorp DE grew its stake in shares of SkyWest by 39.5% during the 1st quarter. US Bancorp DE now owns 3,911 shares of the transportation company's stock valued at $112,000 after purchasing an additional 1,107 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of SkyWest during the 1st quarter valued at about $137,000. Finally, Captrust Financial Advisors grew its stake in shares of SkyWest by 43.4% during the 1st quarter. Captrust Financial Advisors now owns 6,136 shares of the transportation company's stock valued at $177,000 after purchasing an additional 1,858 shares during the period. Hedge funds and other institutional investors own 80.82% of the company's stock.
About SkyWest
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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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