SkyWest (SKYW) Releases Earnings Results, Beats Expectations By $0.27 EPS

SkyWest (SKYW) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $0.25. The company posted revenue of $762.07 million in the period, compared to analysts expectations of $736.25 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on SkyWest. Company shares were Reiterated by Cowen on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $23 .

SkyWest closed down -0.06 points or -0.29% at $20.58 with 4,14,238 shares getting traded on Wednesday. Post opening the session at $20.57, the shares hit an intraday low of $20.41 and an intraday high of $20.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 3, 2015, Russell A Childs (President SkyWest, Inc.) sold 5,541 shares at $21.26 per share price. According to the SEC, on Dec 1, 2015, Terry Vais (Chief Commercial Officer) sold 7,000 shares at $21.00 per share price. On Nov 18, 2015, Eric Woodward (Chief Accounting Officer) sold 8,400 shares at $19.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Skywest Inc. is a holding company for two North American regional airlines. The Company through its subsidiaries SkyWest Airlines Inc. and ExpressJet Airlines Inc. offers scheduled passenger service with approximately 3600 daily departures to destinations in the United States Canada Mexico and the Caribbean. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Company’s flights are operated as Delta Connection United Express US Airways Express American Eagle and Alaska. As of December 31 2014 its consolidated fleet consisted of a total of 749 aircrafts of which 425 were assigned to United 239 were assigned to Delta 29 were assigned to American 15 were assigned to US Airways nine were assigned to Alaska two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.


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