SkyWest (NASDAQ:SKYW – Get Free Report) released 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 1.59% and a net margin of 1.17%. The company had revenue of $804.00 million during the quarter, compared to the consensus estimate of $800.07 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis.
SkyWest Trading Up 0.7 %
Shares of SKYW traded up $0.52 during mid-day trading on Friday, hitting $73.66. The company had a trading volume of 802,364 shares, compared to its average volume of 484,918. The stock has a market cap of $2.97 billion, a PE ratio of 88.70 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 1-year low of $23.59 and a 1-year high of $79.21. The business’s 50-day simple moving average is $66.73 and its 200-day simple moving average is $54.77.
Insider Activity
In related news, Director James L. Welch sold 2,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the sale, the director now owns 56,067 shares of the company’s stock, valued at $3,740,790.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on SkyWest
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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