SkyWest (NASDAQ:SKYW – Get Free Report) posted its quarterly earnings results on Thursday. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21, Briefing.com reports. The business had revenue of $804.00 million for the quarter, compared to the consensus estimate of $800.07 million. SkyWest had a return on equity of 1.59% and a net margin of 1.17%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.45) EPS.
SkyWest Stock Up 0.7 %
Shares of SKYW stock traded up $0.52 during trading hours on Friday, reaching $73.66. 833,364 shares of the company’s stock were exchanged, compared to its average volume of 484,918. SkyWest has a 1 year low of $23.59 and a 1 year high of $79.21. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.21. The stock has a market cap of $2.97 billion, a PE ratio of 88.70 and a beta of 1.95. The stock’s fifty day moving average price is $66.73 and its two-hundred day moving average price is $54.77.
Insider Activity at SkyWest
In other SkyWest news, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the sale, the director now owns 56,067 shares of the company’s stock, valued at approximately $3,740,790.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Report on 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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