SkyWest (NASDAQ:SKYW – Get Free Report) posted its quarterly earnings results on Thursday. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21, Briefing.com reports. The business had revenue of $804.00 million for the quarter, compared to analyst estimates of $800.07 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.45) EPS.
SkyWest Stock Up 0.7 %
Shares of NASDAQ:SKYW traded up $0.52 during midday trading on Friday, hitting $73.66. 833,364 shares of the company’s stock were exchanged, compared to its average volume of 484,918. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a 50 day moving average price of $66.73 and a 200-day moving average price of $54.77. The company has a market cap of $2.97 billion, a PE ratio of 88.70 and a beta of 1.95. SkyWest has a 12 month low of $23.59 and a 12 month high of $79.21.
Insider Transactions at SkyWest
In other SkyWest news, Director James L. Welch sold 2,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the completion of the sale, the director now owns 56,067 shares of the company’s stock, valued at approximately $3,740,790.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on SKYW
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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