SkyWest (SKYW) Stock Price, News & Analysis

Company Overview

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. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. Based in St. George, Utah, SkyWest employs nearly 17,000 employees.

Key Stats

• Today's Range: $107.30 to $110.13
• 50-Day Range: $74.45 to $114.16
• 52-Week Range: $45.42 to $116.47
• Volume: 215,641 shs
• Average Volume: 404,136 shs
• Market Capitalization: $4.39 billion
• P/E Ratio: 18.63
• Dividend Yield: N/A
• Price Target: $105.75
• Consensus Rating: Moderate Buy

SkyWest Stock Analysis - MarketRank™

SkyWest scored higher than 80% of companies evaluated by MarketBeat, and ranked 41st out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SkyWest has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SkyWest has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 16.62%

Earnings Growth

Earnings for SkyWest are expected to grow by 16.62% in the coming year, from $7.16 to $8.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SkyWest is 18.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of SkyWest is 18.63, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.82.

Price to Book Value per Share Ratio

SkyWest has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.93% of the float of SkyWest has been sold short.

Short Interest Ratio / Days to Cover

SkyWest has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SkyWest has recently decreased by 7.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

SkyWest does not currently pay a dividend.

Dividend Growth

SkyWest does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of SkyWest is 9.57%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SkyWest will have a dividend payout ratio of 6.71% next year. This indicates that SkyWest will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.0 / 5
• Environmental Score: -5.58

Percentage of Shares Shorted

2.93% of the float of SkyWest has been sold short.

Short Interest Ratio / Days to Cover

SkyWest has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SkyWest has recently decreased by 7.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.64

News Sentiment

SkyWest has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for SkyWest this week, compared to 7 articles on an average week.

Search Interest

Only 5 people have searched for SKYW on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

10 people have added SkyWest to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, SkyWest insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,082,596.00 in company stock.

Percentage Held by Insiders

Only 2.00% of the stock of SkyWest is held by insiders.

Percentage Held by Institutions

81.30% of the stock of SkyWest is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SKYW Stock Analysis - Frequently Asked Questions

How have SKYW shares performed this year?

SkyWest's stock was trading at $52.20 at the beginning of the year. Since then, SKYW shares have increased by 108.8% and is now trading at $108.98.
View the best growth stocks for 2024 here.

How were SkyWest's earnings last quarter?

SkyWest, Inc. (NASDAQ:SKYW) issued its earnings results on Thursday, October, 31st. The transportation company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.92 by $0.24. The business's quarterly revenue was up 19.1% on a year-over-year basis.

Who are SkyWest's major shareholders?

SkyWest's top institutional shareholders include Pacer Advisors Inc. (5.43%), State Street Corp (3.94%), Geode Capital Management LLC (2.38%) and Charles Schwab Investment Management Inc. (1.69%). Insiders that own company stock include Russell A Childs, Robert J Simmons, Wade J Steel, Greg Wooley, James L Welch, Eric Woodward and Jerry C Atkin.
View institutional ownership trends.

How do I buy shares of SkyWest?

Shares of SKYW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SkyWest own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SkyWest investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Air transportation, scheduled
• Sub-Industry: Airlines
• Current Symbol: NASDAQ:SKYW
• CUSIP: 83087910
• CIK: 793733
• Web: inc.skywest.com
• Phone: 435-634-3000
• Fax: 435-634-3105
• Employees: 13,121
• Year Founded: 1972

Price Target and Rating

• Average Stock Price Target: $105.75
• High Stock Price Target: $120.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: -3.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.85
• Trailing P/E Ratio: 18.63
• Forward P/E Ratio: 15.22
• P/E Growth: N/A
• Net Income: $34.34 million
• Net Margins: 7.29%
• Pretax Margin: 9.68%
• Return on Equity: 11.02%
• Return on Assets: 3.48%

Debt

• Debt-to-Equity Ratio: 0.95
• Current Ratio: 0.86
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $2.94 billion
• Price / Sales: 1.50
• Cash Flow: $9.98 per share
• Price / Cash Flow: 10.92
• Book Value: $51.62 per share
• Price / Book: 2.11

Miscellaneous

• Outstanding Shares: 40,330,000
• Free Float: 39,320,000
• Market Cap: $4.40 billion
• Optionable: Optionable
• Beta: 1.93