SkyWest (NASDAQ:SKYW) Issues Earnings Results, Beats Estimates By $0.24 EPS

SkyWest (NASDAQ:SKYWGet Free Report) issued its quarterly earnings results on Thursday. The transportation company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24, Briefing.com reports. The company had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a return on equity of 11.20% and a net margin of 7.29%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS.

SkyWest Trading Up 6.4 %

Shares of SKYW stock opened at $101.33 on Friday. SkyWest has a twelve month low of $41.96 and a twelve month high of $103.49. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 17.32 and a beta of 1.93. The company’s 50-day moving average price is $84.84 and its 200-day moving average price is $79.88. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.

Analysts Set New Price Targets

Separately, Raymond James boosted their price objective on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Read Our Latest Research Report on SKYW

About SkyWest

(Get Free Report)

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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Earnings History for SkyWest (NASDAQ:SKYW)

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