SkyWest, Inc. (NASDAQ:SKYW) insider Eric Woodward sold 4,500 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $56.90, for a total value of $256,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
SkyWest, Inc. (SKYW) opened at $57.95 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 1.07. The company has a market capitalization of $3,000.88, a PE ratio of 16.94 and a beta of 1.74. SkyWest, Inc. has a 12 month low of $30.40 and a 12 month high of $58.55.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $797.20 million for the quarter, compared to analyst estimates of $778.13 million. SkyWest had a return on equity of 12.08% and a net margin of 13.39%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. research analysts predict that SkyWest, Inc. will post 4.39 EPS for the current fiscal year.
A number of analysts have weighed in on SKYW shares. Zacks Investment Research cut SkyWest from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub cut SkyWest from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “buy” rating and issued a $60.00 price target on shares of SkyWest in a research report on Tuesday, January 9th. Finally, Raymond James Financial boosted their price target on SkyWest from $62.00 to $65.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. SkyWest presently has a consensus rating of “Buy” and an average target price of $56.00.
Institutional investors have recently bought and sold shares of the company. Strs Ohio increased its stake in shares of SkyWest by 450.0% in the fourth quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,700 shares during the period. Pitcairn Co. bought a new position in shares of SkyWest in the third quarter worth about $205,000. Shelton Capital Management bought a new position in shares of SkyWest in the third quarter worth about $218,000. Suntrust Banks Inc. bought a new position in shares of SkyWest in the fourth quarter worth about $218,000. Finally, HBK Investments L P bought a new position in shares of SkyWest in the fourth quarter worth about $218,000. Institutional investors and hedge funds own 90.33% of the company’s stock.
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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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