SkyWest (NASDAQ:SKYW – Free Report) had its price target upped by Raymond James from $100.00 to $114.00 in a research report released on Friday morning, Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.
SkyWest Stock Up 6.4 %
Shares of SKYW traded up $6.13 during mid-day trading on Friday, reaching $101.33. 691,431 shares of the stock traded hands, compared to its average volume of 321,510. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 17.32 and a beta of 1.93. The stock has a fifty day simple moving average of $84.84 and a 200 day simple moving average of $79.79. SkyWest has a 12-month low of $41.96 and a 12-month high of $103.49. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.
SkyWest (NASDAQ:SKYW – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The business had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.20%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Sell-side analysts expect that SkyWest will post 6.88 EPS for the current fiscal year.
Institutional Trading of SkyWest
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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