SkyWest (NASDAQ:SKYW - Get Free Report) posted its earnings results on Thursday. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.24, Briefing.com reports. The firm had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The business's revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS.
SkyWest Stock Up 6.4 %
Shares of SKYW traded up $6.07 during mid-day trading on Friday, hitting $101.27. 681,125 shares of the company traded hands, compared to its average volume of 405,686. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. SkyWest has a 1-year low of $41.96 and a 1-year high of $103.49. The company has a market capitalization of $4.06 billion, a PE ratio of 24.05 and a beta of 1.95. The business has a 50 day moving average of $84.34 and a 200 day moving average of $79.55.
Analyst Upgrades and Downgrades
Separately, Raymond James raised their price target on SkyWest from $100.00 to $114.00 and gave the company an "outperform" rating in a research report on Friday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.00.
Check Out Our Latest Research Report on SKYW
SkyWest Company Profile
(
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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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