Equities analysts expect SkyWest, Inc. (NASDAQ:SKYW) to announce earnings per share (EPS) of $1.41 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SkyWest’s earnings. The lowest EPS estimate is $1.35 and the highest is $1.45. SkyWest reported earnings per share of $1.01 in the same quarter last year, which would indicate a positive year-over-year growth rate of 39.6%. The company is expected to announce its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that SkyWest will report full-year earnings of $4.92 per share for the current year, with EPS estimates ranging from $4.85 to $5.00. For the next fiscal year, analysts expect that the company will post earnings of $5.48 per share, with EPS estimates ranging from $4.90 to $5.90. Zacks’ earnings per share averages are an average based on a survey of analysts that cover SkyWest.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, July 26th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.20. The company had revenue of $805.50 million during the quarter, compared to analysts’ expectations of $795.19 million. SkyWest had a net margin of 14.73% and a return on equity of 13.20%. SkyWest’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.95 earnings per share.

A number of research analysts recently commented on SKYW shares. BidaskClub downgraded SkyWest from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. ValuEngine downgraded SkyWest from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Zacks Investment Research downgraded SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Cowen boosted their price target on SkyWest from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. Finally, Imperial Capital boosted their price target on SkyWest from $60.00 to $63.00 and gave the company an “inline” rating in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. SkyWest presently has an average rating of “Buy” and an average target price of $63.60.

SKYW stock traded down $1.77 during midday trading on Friday, reaching $53.12. The company had a trading volume of 237,388 shares, compared to its average volume of 234,839. The company has a market cap of $3.07 billion, a PE ratio of 15.49 and a beta of 1.64. SkyWest has a 1-year low of $42.85 and a 1-year high of $65.80. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 1.41.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Friday, September 28th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, September 27th. SkyWest’s dividend payout ratio (DPR) is presently 11.66%.

In related news, COO Terry Vais sold 1,600 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $64.43, for a total value of $103,088.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Woodward sold 5,879 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $61.18, for a total value of $359,677.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,455 shares of company stock valued at $6,468,863. 3.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Copper Rock Capital Partners LLC raised its stake in SkyWest by 25.6% during the third quarter. Copper Rock Capital Partners LLC now owns 477,771 shares of the transportation company’s stock worth $28,260,000 after acquiring an additional 97,401 shares in the last quarter. United Services Automobile Association raised its stake in SkyWest by 63.0% during the second quarter. United Services Automobile Association now owns 117,257 shares of the transportation company’s stock worth $6,086,000 after acquiring an additional 45,314 shares in the last quarter. Northern Trust Corp raised its stake in SkyWest by 9.3% during the second quarter. Northern Trust Corp now owns 700,277 shares of the transportation company’s stock worth $36,345,000 after acquiring an additional 59,416 shares in the last quarter. Capital Fund Management S.A. acquired a new position in SkyWest during the second quarter worth about $618,000. Finally, Laurion Capital Management LP raised its stake in SkyWest by 106.1% during the second quarter. Laurion Capital Management LP now owns 13,210 shares of the transportation company’s stock worth $686,000 after acquiring an additional 6,800 shares in the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

About SkyWest

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 and Estimates for SkyWest (NASDAQ:SKYW)

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