SkyWest (NASDAQ:SKYW – Get Free Report) issued its earnings results on Thursday. The transportation company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21, Briefing.com reports. SkyWest had a return on equity of 5.46% and a net margin of 3.83%. The business had revenue of $804.00 million during the quarter, compared to the consensus estimate of $800.07 million. During the same period in the previous year, the company posted ($0.45) earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis.
SkyWest Stock Up 0.7 %
Shares of NASDAQ:SKYW opened at $73.66 on Friday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 26.59 and a beta of 1.95. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 1.21. SkyWest has a 12-month low of $23.59 and a 12-month high of $79.21. The business’s 50 day moving average is $67.02 and its 200 day moving average is $55.00.
Insider Activity at SkyWest
In related news, Director James L. Welch sold 2,000 shares of SkyWest stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the transaction, the director now owns 56,067 shares of the company’s stock, valued at $3,740,790.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
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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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