Brokerages expect SkyWest, Inc. (NASDAQ:SKYW) to announce sales of $788.38 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for SkyWest’s earnings, with the lowest sales estimate coming in at $783.00 million and the highest estimate coming in at $798.35 million. SkyWest posted sales of $797.16 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.1%. The company is scheduled to report its next quarterly earnings report on Thursday, February 7th.

According to Zacks, analysts expect that SkyWest will report full-year sales of $3.21 billion for the current financial year, with estimates ranging from $3.20 billion to $3.22 billion. For the next fiscal year, analysts expect that the business will report sales of $3.31 billion, with estimates ranging from $3.22 billion to $3.41 billion. Zacks’ sales averages are an average based on a survey of research firms that cover SkyWest.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Tuesday, October 30th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.17. SkyWest had a return on equity of 13.99% and a net margin of 15.65%. The business had revenue of $829.00 million during the quarter, compared to analyst estimates of $825.57 million. During the same quarter last year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year.

A number of equities research analysts have weighed in on SKYW shares. Zacks Investment Research lowered SkyWest from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 1st. BidaskClub lowered SkyWest from a “sell” rating to a “strong sell” rating in a research note on Friday, October 5th. ValuEngine lowered SkyWest from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Imperial Capital raised their price objective on SkyWest from $60.00 to $63.00 and gave the company an “inline” rating in a research note on Monday, July 30th. Finally, Cowen raised their price objective on SkyWest from $63.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.17.

Shares of NASDAQ SKYW opened at $56.60 on Friday. SkyWest has a fifty-two week low of $45.65 and a fifty-two week high of $65.80. The company has a quick ratio of 0.97, a current ratio of 1.15 and a debt-to-equity ratio of 1.43. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 16.50 and a beta of 1.56.

In other news, COO Terry Vais sold 1,600 shares of SkyWest stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $64.43, for a total value of $103,088.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of SKYW. First Quadrant L P CA acquired a new position in shares of SkyWest in the 3rd quarter worth approximately $150,000. Meeder Asset Management Inc. grew its position in shares of SkyWest by 403.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,598 shares of the transportation company’s stock worth $187,000 after acquiring an additional 2,883 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of SkyWest in the 3rd quarter worth approximately $209,000. Ifrah Financial Services Inc. acquired a new position in shares of SkyWest in the 3rd quarter worth approximately $213,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of SkyWest in the 3rd quarter worth approximately $226,000. Institutional investors own 89.72% of the company’s stock.

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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Earnings History and Estimates for SkyWest (NASDAQ:SKYW)

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