Wall Street brokerages expect SkyWest, Inc. (NASDAQ:SKYW) to post sales of $789.62 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for SkyWest’s earnings. The lowest sales estimate is $783.00 million and the highest is $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 0.9%. The firm is expected to report its next earnings results after the market closes on Thursday, January 31st.

On average, 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 financial year, analysts forecast that the firm will report sales of $3.17 billion, with estimates ranging from $2.99 billion to $3.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover SkyWest.

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

Several equities analysts have commented on SKYW shares. Zacks Investment Research downgraded SkyWest from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Raymond James increased their price target on SkyWest from $69.00 to $70.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. Goldman Sachs Group started coverage on SkyWest in a report on Monday, November 12th. They set a “neutral” rating and a $62.00 price target on the stock. BidaskClub downgraded SkyWest from a “hold” rating to a “sell” rating in a report on Saturday, December 8th. Finally, ValuEngine downgraded SkyWest from a “hold” rating to a “sell” rating in a report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $64.57.

Several institutional investors have recently made changes to their positions in SKYW. FMR LLC grew its stake in shares of SkyWest by 1.7% in the second quarter. FMR LLC now owns 1,302,271 shares of the transportation company’s stock worth $67,588,000 after acquiring an additional 21,812 shares during the last quarter. BlueMountain Capital Management LLC boosted its stake in SkyWest by 87.9% during the second quarter. BlueMountain Capital Management LLC now owns 7,798 shares of the transportation company’s stock worth $405,000 after buying an additional 3,649 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in SkyWest by 11.0% during the second quarter. OppenheimerFunds Inc. now owns 36,544 shares of the transportation company’s stock worth $1,897,000 after buying an additional 3,612 shares in the last quarter. Northern Trust Corp boosted its stake in SkyWest by 9.3% during the second quarter. Northern Trust Corp now owns 700,277 shares of the transportation company’s stock worth $36,345,000 after buying an additional 59,416 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in SkyWest by 63.0% during the second quarter. United Services Automobile Association now owns 117,257 shares of the transportation company’s stock worth $6,086,000 after buying an additional 45,314 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

SKYW traded down $0.79 during midday trading on Friday, hitting $47.69. 4,060 shares of the company’s stock traded hands, compared to its average volume of 212,195. The firm has a market cap of $2.57 billion, a PE ratio of 13.91 and a beta of 1.75. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.02 and a current ratio of 1.15. SkyWest has a one year low of $42.38 and a one year high of $65.80.

The business also recently declared a quarterly dividend, which was paid on Monday, January 7th. Shareholders of record on Monday, December 31st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, December 28th. This represents a $0.40 annualized dividend and a yield of 0.84%. SkyWest’s dividend payout ratio (DPR) is presently 11.66%.

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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