SkyWest (NASDAQ:SKYW – Get Free Report) released its quarterly earnings data on Thursday. The transportation company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24, Briefing.com reports. SkyWest had a net margin of 7.29% and a return on equity of 11.20%. The company had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. During the same period last year, the business earned $0.55 earnings per share. SkyWest’s revenue was up 19.1% compared to the same quarter last year.
SkyWest Price Performance
Shares of SKYW stock traded up $6.13 during trading hours on Friday, hitting $101.33. 691,431 shares of the company’s stock were exchanged, compared to its average volume of 321,510. The company has a market capitalization of $4.06 billion, a PE ratio of 17.32 and a beta of 1.93. SkyWest has a 12-month low of $41.96 and a 12-month high of $103.49. The business’s 50 day simple moving average is $84.84 and its 200-day simple moving average is $79.79. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.
Analyst Ratings Changes
Separately, Raymond James lifted their target price on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.00.
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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