Sky Harbour Group (NYSEAMERICAN:SKYH) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Sky Harbour Group (NYSEAMERICAN:SKYH) issued its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.10, Zacks reports. The company had revenue of $3.62 million for the quarter. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%.

Sky Harbour Group Price Performance

SKYH stock traded down $0.03 during mid-day trading on Thursday, reaching $10.00. The company had a trading volume of 179,536 shares, compared to its average volume of 48,564. The company has a market capitalization of $666.80 million, a P/E ratio of -6.90 and a beta of 1.84. Sky Harbour Group has a 12 month low of $4.18 and a 12 month high of $13.60.

Insiders Place Their Bets

In other Sky Harbour Group news, major shareholder Omaha Corp Boston sold 246,389 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $10.00, for a total value of $2,463,890.00. Following the transaction, the insider now directly owns 12,440,642 shares in the company, valued at approximately $124,406,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 45.18% of the company’s stock.

About Sky Harbour Group

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.