SkyWest Inc. (NASDAQ:SKYW) shares traded 3.51% higher at $16.51 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $24.00 and a low of $15.00, we find $21.00. Given the previous closing price of $15.95, this indicates a potential upside of 31.66 percent. SKYW stock price is now -5.83% away from the 50-day moving average and -25.13% away from the 200-day moving average. The market capitalization of the company currently stands at $807.01M.
Brokers who have rated the stock have averaged $20.25 as their price target over the next twelve months.
, while the Raymond James previously rated the stock as ‘Mkt Perform’ on April 27, 2022.
In other news, SIMMONS ROBERT J, CHIEF FINANCIAL OFFICER sold 7,783 shares of the company’s stock on Aug 04. The stock was sold for $191,996 at an average price of $24.67. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 62,283 shares in the company, valued at $1.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11, Director ATKIN JERRY C bought 55,000 shares of the business’s stock. A total of $1,393,150 was incurred on buying the stock at an average price of $25.33. This leaves the insider owning 270,903 shares of the company worth $4.47 million. Insiders disposed of 25,329 shares of company stock worth roughly $0.42 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SKYW stock. A new stake in SkyWest Inc. shares was purchased by EXODUSPOINT CAPITAL MANAGEMENT, LP during the first quarter worth $3,089,000. CIPHER CAPITAL LP invested $1,152,000 in shares of SKYW during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in SkyWest Inc. valued at approximately $1,132,000. QUADRATURE CAPITAL LTD acquired a new stake in SKYW for approximately $1,097,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in SKYW valued at around $880,000 in the second quarter. In total, there are 284 active investors with 82.40% ownership of the company’s stock.
SkyWest Inc. (NASDAQ: SKYW) opened at $15.77 on Friday. During the past 12 months, SkyWest Inc. has had a low of $14.76 and a high of $42.97. As of last week, the company has a debt-to-equity ratio of 1.42, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for SKYW is $17.51 and a two-hundred day moving average price translates $22.00 for the stock.
The latest earnings results from SkyWest Inc. (NASDAQ: SKYW) was released for Jun, 2022. According to the Airlines Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.75 by 0.21. This compares to $0.19 EPS in the same period last year. The net profit margin was 4.00% and return on equity was 5.40% for SKYW. The company reported revenue of $789.44 million for the quarter, compared to $744.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.0 percent. For the current quarter, analysts expect SKYW to generate $761.15M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/06/2020. Investors who held shares on 03/31/2020 were paid a $0.14 dividend.
SkyWest Inc.(SKYW) Company Profile
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company’s fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.