SkyWest, Inc. (SKYW) Expected to Announce Earnings of $0.85 Per Share
Analysts forecast that SkyWest, Inc. (NASDAQ:SKYW) will announce $0.85 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for SkyWest’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.80. SkyWest posted earnings of $0.77 per share in the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The firm is scheduled to announce its next earnings report on Thursday, July 27th.
On average, analysts expect that SkyWest will report full year earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.10 to $3.30. For the next year, analysts forecast that the business will post earnings of $3.53 per share, with EPS estimates ranging from $3.20 to $3.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover SkyWest.
SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, April 27th. The transportation company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.13. The business had revenue of $765.42 million during the quarter, compared to the consensus estimate of $745.95 million. SkyWest had a positive return on equity of 10.12% and a negative net margin of 4.93%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share.
A number of research firms recently issued reports on SKYW. TheStreet upgraded SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. Deutsche Bank AG raised their price target on SkyWest from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research cut SkyWest from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. Raymond James Financial, Inc. raised SkyWest from an “outperform” rating to a “strong-buy” rating in a report on Thursday, April 13th. Finally, ValuEngine raised SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.80.
Several institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC acquired a new position in shares of SkyWest during the fourth quarter valued at about $111,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of SkyWest by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,542 shares of the transportation company’s stock valued at $129,000 after buying an additional 121 shares in the last quarter. Bank of Montreal Can increased its position in shares of SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after buying an additional 334 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of SkyWest during the first quarter valued at about $138,000. Finally, Pacad Investment Ltd. increased its position in shares of SkyWest by 1,100.0% in the fourth quarter. Pacad Investment Ltd. now owns 4,800 shares of the transportation company’s stock valued at $175,000 after buying an additional 4,400 shares in the last quarter. 91.16% of the stock is owned by institutional investors.
SkyWest (NASDAQ SKYW) traded down 0.94% during midday trading on Thursday, hitting $36.70. The company had a trading volume of 407,452 shares. The firm has a 50-day moving average price of $35.87 and a 200-day moving average price of $35.71. The company’s market cap is $1.90 billion. SkyWest has a 12 month low of $23.40 and a 12 month high of $39.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, June 28th. SkyWest’s dividend payout ratio (DPR) is presently -10.63%.
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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