SkyWest (NASDAQ:SKYW) Stock

SkyWest

SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers's brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines, which generates maximum revenue, and SkyWest Leasing.

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SkyWest Inc

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SkyWest's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NYSE">SKYW</a>) short percent of float has fallen 7.17% since its last report. The company recently reported that it has 1.41 million shares sold short, which is 5.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.37 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SkyWest Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739810712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SkyWest has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SkyWest's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SkyWest's peer group average for short interest as a percentage of float is 8.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(SKYW) - Analyzing SkyWest's Short Interest

Robert J Simmons, Chief Financial Officer at SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), reported an insider sell on February 13, according to a new SEC filing. 
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000793733/000141588925003795//Archives/edgar/data/793733/000141588925003795/0001415889-25-003795-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Simmons executed a sale of 6,000 shares of SkyWest with a total value of $681,401.
SkyWest's shares are actively trading at $110.61, experiencing a down of 0.19% during Thursday's morning session.
<h3>About SkyWest</h3>
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
<h3>Unraveling the Financial Story of SkyWest</h3>
Positive Revenue Trend: Examining SkyWest's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.46% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 23.16%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): SkyWest's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.42.
</li>
</ul>
Debt Management: SkyWest's debt-to-equity ratio is below the industry average at 1.11, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 14.26 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 1.31 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 11.6, SkyWest presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Insider Activity Matters in Finance</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Important Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000793733">Check Out The Full List Of SkyWest's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Robert J Simmons Implements A Sell Strategy: Offloads $681K In SkyWest Stock

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JOBY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$9.00</td>
<td>$76.3K</td>
<td>1.2K</td>
<td align="right">463</td>
</tr>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$65.00</td>
<td>$56.4K</td>
<td>6.3K</td>
<td align="right">372</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$26.9K</td>
<td>8.7K</td>
<td align="right">188</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$105.00</td>
<td>$104.2K</td>
<td>61</td>
<td align="right">148</td>
</tr>
<tr>
<td>SKYW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$125.00</td>
<td>$77.5K</td>
<td>1.0K</td>
<td align="right">136</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$33.0K</td>
<td>1.2K</td>
<td align="right">126</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$205.00</td>
<td>$53.0K</td>
<td>726</td>
<td align="right">103</td>
</tr>
<tr>
<td>TGI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$10.00</td>
<td>$76.8K</td>
<td>124</td>
<td align="right">89</td>
</tr>
<tr>
<td>EMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$140.00</td>
<td>$37.8K</td>
<td>655</td>
<td align="right">67</td>
</tr>
<tr>
<td>NSC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$280.00</td>
<td>$48.8K</td>
<td>128</td>
<td align="right">24</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For JOBY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), we notice a put option sweep that happens to be bullish, expiring in 73 day(s) on April 17, 2025. This event was a transfer of 463 contract(s) at a $9.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $76.3K, with a price of $165.0 per contract. There were 1234 open contracts at this strike prior to today, and today 463 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a call option sweep that happens to be bearish, expiring in 137 day(s) on June 20, 2025. This event was a transfer of 79 contract(s) at a $65.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $715.0 per contract. There were 6361 open contracts at this strike prior to today, and today 372 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option sweep that happens to be bearish, expiring in 347 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $60.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $538.0 per contract. There were 8769 open contracts at this strike prior to today, and today 188 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a call option sweep that happens to be neutral, expiring in 102 day(s) on May 16, 2025. This event was a transfer of 96 contract(s) at a $105.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $104.2K, with a price of $1085.0 per contract. There were 61 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold. 
• Regarding SKYW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), we observe a call option sweep with bullish sentiment. It expires in 73 day(s) on April 17, 2025. Parties traded 136 contract(s) at a $125.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $77.5K, with a price of $570.0 per contract. There were 1028 open contracts at this strike prior to today, and today 136 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a put option sweep that happens to be bullish, expiring in 46 day(s) on March 21, 2025. This event was a transfer of 63 contract(s) at a $150.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $525.0 per contract. There were 1212 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a put option trade that happens to be bearish, expiring in 18 day(s) on February 21, 2025. This event was a transfer of 100 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $530.0 per contract. There were 726 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• Regarding TGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>), we observe a call option sweep with neutral sentiment. It expires in 319 day(s) on December 19, 2025. Parties traded 50 contract(s) at a $10.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $76.8K, with a price of $1520.0 per contract. There were 124 open contracts at this strike prior to today, and today 89 contract(s) were bought and sold. 
• For EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we notice a call option trade that happens to be bearish, expiring in 347 day(s) on January 16, 2026. This event was a transfer of 43 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $880.0 per contract. There were 655 open contracts at this strike prior to today, and today 67 contract(s) were bought and sold. 
• For NSC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>), we notice a call option sweep that happens to be bullish, expiring in 347 day(s) on January 16, 2026. This event was a transfer of 33 contract(s) at a $280.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $48.8K, with a price of $1480.0 per contract. There were 128 open contracts at this strike prior to today, and today 24 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

JOBY

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

During the last three months, 4 analysts shared their evaluations of SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $122.25, a high estimate of $130.00, and a low estimate of $119.00. This current average reflects an increase of 11.47% from the previous average price target of $109.67. 
<img src="https://www.benzinga.com/files/images/story/2025/1738353624_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive SkyWest. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Savanthi Syth</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$130.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Savanthi Syth</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Catherine O'Brien</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$119.00</td>
<td>-</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$95.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SkyWest. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of SkyWest compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of SkyWest's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SKYW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SkyWest analyst ratings.</a>
<h2>Delving into SkyWest's Background</h2>
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
<h3>Financial Milestones: SkyWest's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: SkyWest displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 19.14%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: SkyWest's net margin excels beyond industry benchmarks, reaching 9.83%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): SkyWest's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.95%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): SkyWest's ROA excels beyond industry benchmarks, reaching 1.29%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.2, SkyWest adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where SkyWest Stands With Analysts

In the current session, the stock is trading at $121.68, after a 4.21% spike. Over the past month, SkyWest Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) stock increased by 17.30%, and in the past year, by 104.09%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1738350021_0_0.png" alt="Past Year Chart" />

<h3>SkyWest P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 14.79 in the Passenger Airlines industry, SkyWest Inc. has a higher P/E ratio of 19.99. Shareholders might be inclined to think that SkyWest Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1738350021_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Price Over Earnings Overview: SkyWest

WIIM

SkyWest shares are trading higher after the company reported better-than-expected Q4 EPS and revenue results.

Raymond James analyst Savanthi Syth reiterates SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) with a Outperform and raises the price target from $120 to $130.

Price Target

Reiteration

Raymond James Reiterates Outperform on SkyWest, Raises Price Target to $130

U.S. stocks were higher, with the Nasdaq Composite gaining more than 1% on Friday.
Shares of Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) rose during Friday's session after the company reported <a href="https://in.benzinga.com/25/01/43390140/charter-q4-earnings-beats-estimates-mobile-growth-surges-with-529k-new-lines-despite-broadband-subscriber-losses">better-than-expected fourth-quarter financial results.</a>
Charter Communications reported fiscal fourth-quarter 2024 revenue growth of 1.6% year-on-year to $13.93 billion, beating the analyst consensus estimate of $13.88 billion. EPS of $10.10 beat the analyst consensus estimate of $9.22.
Charter Communications shares jumped 5.4% to $354.63 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Viavi Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) shares jumped 26% to $12.58 after the company reported better-than-expected second-quarter financial results.</li>
<li>Diginex Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGNX#NASDAQ">DGNX</a>) gained 22% to $42.60.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) shares rose 21.8% to $5.73 after the company announced a $50 million investment from Softbank.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) gained 17.7% to $314.07 as the company reported better-than-expected financial results for the fiscal second quarter after the market close on Thursday.</li>
<li>SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) gained 15.3% to $134.63 following strong quarterly earnings.</li>
<li>Celestica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) rose 15.3% to $131.62. The company recently posted better-than-expected fourth-quarter financial results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) rose 14.6% to $20.87 after the company announced the FCC granted the company Special Temporary Authority, authorizing testing service in the U.S.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) surged 13% to $72.93.</li>
<li>RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) rose 12.1% to $360.84 following upbeat earnings.</li>
<li>Redwire Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) gained 10.1% to $25.06.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) rose 9% to $6.89.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) gained 8.5% to $17.69.</li>
<li>Eastman Chemical Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>) surged 7.7% to $99.84 after the company reported better-than-expected quarterly adjusted EPS results.</li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) gained 7.4% to $188.60. The company reported fourth-quarter adjusted earnings per share of $2.16, beating the street view of $2.11.</li>
<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) rose 5.8% to $463.83 after the company announced it secured FDA approval for JOURNAVX. Also, the company announced a reimbursement agreement with NHS England for eligible sickle cell disease patients to access CASGEVY.</li>
<li>Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) gained 4.6% to $46.68 following upbeat earnings.</li>
</ul>
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</ul>

SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) reported its Q4 earnings results on Thursday, January 30, 2025 at 04:01 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
SkyWest beat estimated earnings by 28.999999999999996%, reporting an EPS of $2.34 versus an estimate of $1.81.
Revenue was up $192.62 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company beat on EPS by $0.24 in the previous quarter, leading to a 6.0% increase share price change the next day.
Here's a look at SkyWest's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.92</td>
<td>1.73</td>
<td>1.23</td>
<td>0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.16</td>
<td>1.82</td>
<td>1.45</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>889.00M</td>
<td>826.62M</td>
<td>800.15M</td>
<td>758.49M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>912.79M</td>
<td>867.12M</td>
<td>803.61M</td>
<td>751.79M</td>
</tr>
</tbody>
</table>

To track all earnings releases for SkyWest <a href="https://www.benzinga.com/quote/SKYW/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

SkyWest Earnings Report: Q4 Overview

The Q4 earnings report for SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) was released on Thursday, January 30, 2025 at 04:01 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
SkyWest beat estimated earnings by 28.999999999999996%, reporting an EPS of $2.34 versus an estimate of $1.81.
Revenue was up $192.62 million from the same period last year.
<h3>Earnings History Overview</h3>
During the previous quarter, the company beat on EPS by $0.24, leading to a 6.0% increase share price change the next day.
Here's a look at SkyWest's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.92</td>
<td>1.73</td>
<td>1.23</td>
<td>0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.16</td>
<td>1.82</td>
<td>1.45</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>889.00M</td>
<td>826.62M</td>
<td>800.15M</td>
<td>758.49M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>912.79M</td>
<td>867.12M</td>
<td>803.61M</td>
<td>751.79M</td>
</tr>
</tbody>
</table>

To track all earnings releases for SkyWest <a href="https://www.benzinga.com/quote/SKYW/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: SkyWest Q4 Earnings

SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) announced its Q4 earnings on Thursday, January 30, 2025 at 04:01 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
SkyWest beat estimated earnings by 28.999999999999996%, reporting an EPS of $2.34 versus an estimate of $1.81.
Revenue was up $192.62 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.24 which was followed by a 6.0% increase in the share price the next day.
Here's a look at SkyWest's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.92</td>
<td>1.73</td>
<td>1.23</td>
<td>0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.16</td>
<td>1.82</td>
<td>1.45</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>889.00M</td>
<td>826.62M</td>
<td>800.15M</td>
<td>758.49M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>912.79M</td>
<td>867.12M</td>
<td>803.61M</td>
<td>751.79M</td>
</tr>
</tbody>
</table>

To track all earnings releases for SkyWest <a href="https://www.benzinga.com/quote/SKYW/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SkyWest Earnings Analysis: Q4 Recap

SkyWest Earnings Review: Q4 Summary

SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) reported quarterly earnings of $2.34 per share which beat the analyst consensus estimate of $1.76 by 32.95 percent. This is a 457.14 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $944.40 million which beat the analyst consensus estimate of $915.63 million by 3.14 percent. This is a 25.62 percent increase over sales of $751.79 million the same period last year.

Earnings Beats

SkyWest Q4 EPS $2.34 Beats $1.76 Estimate, Sales $944.40M Beat $915.63M Estimate

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Earnings Scheduled For January 30, 2025

SkyWest's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NYSE">SKYW</a>) short percent of float has risen 5.86% since its last report. The company recently reported that it has 1.60 million shares sold short, which is 5.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SkyWest Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735850721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SkyWest has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing SkyWest's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SkyWest's peer group average for short interest as a percentage of float is 9.18%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into SkyWest's Recent Short Interest

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Northland Capital Markets cut the price target for Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) from $20 to $18. Northland Capital Markets analyst Tim Savageaux maintained an Outperform rating. <a href="https://www.benzinga.com/quote/AAOI/analyst-ratings">Applied Optoelectronics shares closed at $37.74 on Friday. See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) price target from $3 to $7. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. BigBear.ai shares closed at $4.21 on Friday. See how other analysts view this stock.</li>
<li>Baird slashed the price target for Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) from $84 to $72. Baird analyst Craig Kennison maintained an Outperform rating. Polaris shares closed at $57.43 on Friday. <a href="https://www.benzinga.com/quote/PII/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James raised the price target for Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) from $75 to $110. Raymond James analyst Savanthi Syth maintained an Outperform rating. Allegiant Travel shares closed at $91.11 on Friday. See how other analysts view this stock.</li>
<li>Raymond James boosted SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) price target from $114 to $120. Raymond James analyst Savanthi Syth maintained an Outperform rating. SkyWest shares settled at $101.26 on Friday. <a href="https://www.benzinga.com/quote/SKYW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James increased United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) price target from $90 to $120. Raymond James analyst Savanthi Syth maintained an Outperform rating. United Airlines shares closed at $99.65 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James raised Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) price target from $36 to $40. Raymond James analyst Savanthi Syth maintained an Outperform rating. Southwest shares closed at $34.04 on Friday.  <a href="https://www.benzinga.com/quote/LUV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets raised the price target for Ondas Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) from $1.5 to $4. Northland Capital Markets analyst Michael Latimore maintained an Outperform rating. Ondas Holdings shares settled at $2.59 on Friday. <a href="https://www.benzinga.com/quote/ONDS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Lake Street cut TechTarget, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) price target from $36 to $24. Lake Street analyst Eric Martinuzzi maintained a Buy rating. TechTarget shares closed at $19.48 on Monday. <a href="https://www.benzinga.com/quote/TTGT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Enanta Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTA#NASDAQ">ENTA</a>) price target from $27 to $18. HC Wainwright &amp; Co. analyst Ed Arce maintained a Buy rating. Enanta Pharmaceuticals shares closed at $6.37 on Monday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<li><a href="https://www.benzinga.com/24/12/42700627/how-to-earn-500-a-month-from-rpm-international-stock-ahead-of-q2-earnings">How To Earn $500 A Month From RPM International Stock Ahead Of Q2 Earnings</a></li>
</ul>

4 analysts have expressed a variety of opinions on SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $118.25, along with a high estimate of $120.00 and a low estimate of $114.00. This upward trend is apparent, with the current average reflecting a 14.81% increase from the previous average price target of $103.00.
<img src="https://www.benzinga.com/files/images/story/2024/1735567209_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of SkyWest by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Savanthi Syth</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Catherine O'Brien</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$119.00</td>
<td>-</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Savanthi Syth</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$114.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SkyWest. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SkyWest compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of SkyWest's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SKYW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SkyWest analyst ratings.</a>
<h2>Discovering SkyWest: A Closer Look</h2>
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
<h3>SkyWest: A Financial Overview</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: SkyWest displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 19.14%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: SkyWest's net margin is impressive, surpassing industry averages. With a net margin of 9.83%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): SkyWest's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.95%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): SkyWest's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.29%, the company showcases efficient use of assets and strong financial health.
Debt Management: SkyWest's debt-to-equity ratio is below the industry average. With a ratio of 1.2, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying SkyWest: Insights From 4 Analyst Reviews

Raymond James analyst Savanthi Syth maintains SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) with a Outperform and raises the price target from $114 to $120.

Raymond James Maintains Outperform on SkyWest, Raises Price Target to $120

Goldman Sachs analyst Catherine O'Brien reinstates SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) with a Neutral and announces $119 price target.

Initiation

Goldman Sachs Reinstates Neutral on SkyWest, Announces $119 Price Target

A substantial insider sell was reported on November 7, by Wade J Steel, Chief Commercial Officer at SkyWest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), based on the recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000793733/000141588924026371//Archives/edgar/data/793733/000141588924026371/0001415889-24-026371-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Steel sold 19,079 shares of SkyWest. The total transaction amounted to $1,993,288. 
As of Friday morning, SkyWest shares are down by 0.19%, currently priced at $111.36.
<h3>Unveiling the Story Behind SkyWest</h3>
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through airlines. It partners with carriers across the world to fly and operate aircraft for a fee. SkyWest may use the carriers brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
<h3>Unraveling the Financial Story of SkyWest</h3>
Revenue Growth: SkyWest's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 19.14%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 23.04%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): SkyWest's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.23.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.2.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: A higher-than-average P/E ratio of 19.1 suggests caution, as the stock may be overvalued in the eyes of investors.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 1.39 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 14.62, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Delving Into the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000793733">Check Out The Full List Of SkyWest's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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