The transportation company reported $0.81 EPS for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.10. Three analysts have provided estimates for SkyWest's earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.90. After having $0.81 EPS previously, SkyWest, Inc.'s analysts see 2.47% EPS growth.
A number of equities analysts have recently commented on the stock. Zacks' earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for SkyWest.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, October 27th. (NASDAQ:SKYW). Hbk Invests Ltd Partnership reported 4,100 shares or 0% of all its holdings. (NASDAQ:SKYW). Los Angeles Mngmt And Equity Rech Inc has invested 0.06% in SkyWest, Inc. The firm had revenue of $797.20 million during the quarter, compared to analysts' expectations of $778.13 million. During the same quarter in the previous year, the company posted $0.54 EPS. The company's revenue was up 5.2% on a year-over-year basis. BidaskClub downgraded shares of SkyWest from a "strong-buy" rating to a "buy" rating in a report on Thursday. The active investment managers in our partner's database reported: 46.52 million shares, down from 46.63 million shares in 2017Q3. Imperial Capital increased their price target on SkyWest from $47.00 to $55.00 and gave the stock an in-line rating in a research report on Tuesday, February 6th. Cowen increased their price target on shares of SkyWest from $60.00 to $62.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. Finally, Raymond James Financial raised their target price on SkyWest from $62.00 to $65.00 and gave the company a strong-buy rating in a research report on Wednesday, January 24th. SkyWest has an average rating of "Buy" and an average target price of $56.00.
SkyWest (NASDAQ:SKYW) traded down $0.75 during mid-day trading on Friday, reaching $56.10. About 1.63M shares traded or 3.03% up from the average. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 1.07. MetLife Investment Advisors LLC bought a new stake in SkyWest during the 4th quarter worth about $1,193,000. The stock has a market cap of $2,837.78, a P/E ratio of 15.86 and a beta of 1.74.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. (NASDAQ:SKYW) has "Outperform" rating given on Friday, April 29 by Cowen & Co. The ex-dividend date was Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.74%. SkyWest's payout ratio is presently 3.97%. 4,500 SkyWest, Inc. (NASDAQ:SKYW) shares with value of $256,067 were sold by Woodward Eric. The stock was sold at an average price of $11.49, for a total transaction of $72,007.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. On Tuesday, March 6 the insider SIMMONS ROBERT J sold $2.20 million. The shares were acquired at an average price of $27.69 per share, for a total transaction of $27,690.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,639 shares of company stock valued at $2,781,474.
SKYW has been the topic of several other reports. Renaissance Technologies LLC now owns 1,863,468 shares of the transportation company's stock valued at $98,950,000 after buying an additional 302,000 shares in the last quarter. Bank of New York Mellon Corp now owns 2,153,757 shares of the transportation company's stock valued at $114,367,000 after buying an additional 1,119,617 shares in the last quarter. BlackRock Inc. lifted its stake in SkyWest by 2.8% in the 4th quarter. Insiders own 3.50% of the company's stock. Vident Investment Advisory LLC grew its holdings in SkyWest by 22.4% during the 4th quarter. Teachers Advisors LLC now owns 383,802 shares of the transportation company's stock worth $20,380,000 after buying an additional 266,141 shares during the last quarter. This is a boost from SkyWest's previous quarterly dividend of $0.08.
Towle & Co holds 6.03% of its portfolio in SkyWest, Inc. for 1.15 million shares. Finally, RWC Asset Management LLP boosted its stake in shares of SkyWest by 82.1% during the 3rd quarter. Moreover, Oberweis Asset Management Inc has 1.63% invested in the company for 130,910 shares.
ILLEGAL ACTIVITY WARNING: "Analysts Anticipate SkyWest, Inc". SKYW's profit will be $42.98 million for 16.39 P/E if the $0.83 EPS becomes a reality. If you are viewing this news story on another site, it was stolen and reposted in violation of global trademark & copyright law.
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 almost 3,000 daily flights carrying more than 53 million passengers annually.
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States.