SkyWest (NASDAQ:SKYW) Stock Breaks Above 200-Day Moving Average – Here’s Why

SkyWest, Inc. (NASDAQ:SKYW)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $96.21 and traded as high as $97.54. SkyWest shares last traded at $96.54, with a volume of 252,939 shares.

Key Headlines Impacting SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported third-quarter EPS of $3.08, slightly above the $3.07 FactSet consensus, while EPS increased from $2.81 a year earlier. Quarterly net income reached approximately $120 million. SkyWest Q3 EPS Results
• Positive Sentiment: Revenue rose 6.4% year over year to $1.12 billion, and profitability metrics remained solid, including a 9.78% net margin and 14.58% return on equity. SkyWest Third-Quarter Results
• Neutral Sentiment: Management expects 2026 EPS of approximately $10.60 and is targeting 1%-2% block-hour growth in 2027, suggesting continued expansion but at a relatively moderate pace. SkyWest 2026 EPS and 2027 Growth Outlook
• Negative Sentiment: SkyWest lowered its 2026 guidance, changing the investment story from one centered on stronger growth to one emphasizing more limited near-term earnings and capacity expansion. The revision raised concerns about future upside. How Lowered 2026 Guidance Changed SkyWest’s Investment Story
• Negative Sentiment: Deutsche Bank downgraded SKYW from Buy to Hold and reduced its price target from $130 to $105. Although the revised target still implies potential upside, the downgrade signals reduced confidence after the guidance update. Deutsche Bank Downgrades SkyWest
• Negative Sentiment: Revenue fell short of the broader $1.14 billion analyst estimate, and some data providers characterized EPS as missing their consensus forecast of $3.13. This mixed earnings picture likely amplified the market’s reaction to the weaker outlook. SkyWest Q3 Earnings and Revenue Analysis

Wall Street Analysts Forecast Growth

Several brokerages have commented on SKYW. Cantor Fitzgerald set a $116.00 price objective on shares of SkyWest in a research note on Friday, October 2nd. Weiss Ratings upgraded SkyWest from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered SkyWest from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Friday. Finally, TD Cowen reduced their price target on shares of SkyWest from $123.00 to $116.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $111.40.

SkyWest Stock Performance

The stock has a 50 day moving average of $96.46 and a two-hundred day moving average of $96.13. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market capitalization of $3.20 billion, a PE ratio of 7.97, a P/E/G ratio of 1.40 and a beta of 1.47.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, October 29th. The transportation company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.07 by $0.01. SkyWest had a return on equity of 14.60% and a net margin of 9.70%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $2.81 earnings per share. SkyWest’s quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts expect that SkyWest, Inc. will post 10.58 EPS for the current fiscal year.

SkyWest declared that its Board of Directors has approved a stock repurchase program on Thursday, July 23rd that authorizes the company to repurchase $250 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 6.6% of its shares through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Wade Steel sold 22,000 shares of SkyWest stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $111.44, for a total value of $2,451,680.00. Following the transaction, the insider directly owned 55,438 shares of the company’s stock, valued at $6,178,010.72. The trade was a 28.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On SkyWest

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in SkyWest in the second quarter valued at $682,530,000. Dimensional Fund Advisors LP lifted its position in SkyWest by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,529,333 shares of the transportation company’s stock valued at $232,260,000 after purchasing an additional 20,678 shares during the last quarter. Owl Creek Asset Management L.P. boosted its stake in SkyWest by 2.6% during the 1st quarter. Owl Creek Asset Management L.P. now owns 326,332 shares of the transportation company’s stock valued at $29,967,000 after purchasing an additional 8,184 shares during the period. Bank of New York Mellon Corp bought a new position in SkyWest in the 2nd quarter worth about $28,177,000. Finally, U S Global Investors Inc. grew its position in SkyWest by 15.5% in the 1st quarter. U S Global Investors Inc. now owns 257,593 shares of the transportation company’s stock worth $23,655,000 after purchasing an additional 34,587 shares during the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is an airline holding company that operates regional passenger air service in the United States. Its primary subsidiary, SkyWest Airlines, connects smaller and midsized communities with larger airline hubs and provides scheduled flights under capacity-purchase agreements with major airline partners.

SkyWest Airlines operates flights under the United Express, Delta Connection and Alaska Airlines brands, serving destinations throughout the United States and select locations in Canada, Mexico and the Bahamas.