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The price of Skywest Inc. (NASDAQ: SKYW) closed at $78.64 in the last session, up 2.48% from day before closing price of $76.74. In other words, the price has increased by $2.48 from its previous closing price. On the day, 0.52 million shares were traded. SKYW stock price reached its highest trading level at $79.72 during the session, while it also had its lowest trading level at $76.475.
Ratios:
We take a closer look at SKYW’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on June 04, 2024, Reiterated its Buy rating but revised its target price to $95 from $85 previously.
On February 05, 2024, TD Cowen Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $55 to $68.
Raymond James Upgraded its Mkt Perform to Outperform on August 31, 2023, while the target price for the stock was maintained at $55.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 12 ’24 when WELCH JAMES L sold 2,000 shares for $79.08 per share. The transaction valued at 158,160 led to the insider holds 46,462 shares of the business.
WELCH JAMES L sold 7,605 shares of SKYW for $598,361 on Jun 07 ’24. The Director now owns 48,462 shares after completing the transaction at $78.68 per share. On Jun 03 ’24, another insider, Wooley Greg, who serves as the EXEC VP OPERATIONS of the company, sold 7,415 shares for $81.27 each. As a result, the insider received 602,617 and left with 59,058 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKYW now has a Market Capitalization of 3166007040 and an Enterprise Value of 5183963136. As of this moment, Skywest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.51, and their Forward P/E ratio for the next fiscal year is 10.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 1.626 whereas that against EBITDA is 7.592.
Stock Price History:
Over the past 52 weeks, SKYW has reached a high of $87.86, while it has fallen to a 52-week low of $36.91. The 50-Day Moving Average of the stock is -1.35%, while the 200-Day Moving Average is calculated to be 25.94%.
Shares Statistics:
According to the various share statistics, SKYW traded on average about 376.30K shares per day over the past 3-months and 484860 shares per day over the past 10 days. A total of 40.23M shares are outstanding, with a floating share count of 38.89M. Insiders hold about 3.41% of the company’s shares, while institutions hold 87.59% stake in the company. Shares short for SKYW as of 1721001600 were 1682504 with a Short Ratio of 4.47, compared to 1718323200 on 1749336. Therefore, it implies a Short% of Shares Outstanding of 1682504 and a Short% of Float of 6.0500003.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.77.
Earnings Estimates
As of right now, 3.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.91 for the current quarter, with a high estimate of $1.98 and a low estimate of $1.85, while EPS last year was $0.55. The consensus estimate for the next quarter is $1.71, with high estimates of $1.8 and low estimates of $1.65.
Analysts are recommending an EPS of between $6.95 and $6.65 for the fiscal current year, implying an average EPS of $6.85. EPS for the following year is $7.8, with 4.0 analysts recommending between $8.11 and $7.4.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $889M. It ranges from a high estimate of $907.09M to a low estimate of $854M. As of the current estimate, Skywest Inc.’s year-ago sales were $766.17MFor the next quarter, 4 analysts are estimating revenue of $880.45M. There is a high estimate of $895M for the next quarter, whereas the lowest estimate is $867M.
A total of 4 analysts have provided revenue estimates for SKYW’s current fiscal year. The highest revenue estimate was $3.45B, while the lowest revenue estimate was $3.35B, resulting in an average revenue estimate of $3.42B. In the same quarter a year ago, actual revenue was $2.94BBased on 4 analysts’ estimates, the company’s revenue will be $3.73B in the next fiscal year. The high estimate is $3.84B and the low estimate is $3.64B.
