Share Buyback Plan Announced by SkyWest (NASDAQ:SKYW) Board

SkyWest (NASDAQ:SKYW) declared that its board has approved a stock buyback plan on Thursday, July 23rd, RTT News reports. The company plans to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SKYW. TD Cowen upped their target price on shares of SkyWest from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Citigroup boosted their price objective on shares of SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Weiss Ratings raised shares of SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group downgraded SkyWest from a “buy” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $115.00 in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

SkyWest Stock Up 7.7%

SKYW traded up $7.41 during trading on Friday, hitting $103.65. The company had a trading volume of 723,079 shares, compared to its average volume of 445,192. SkyWest has a 1-year low of $77.89 and a 1-year high of $123.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.51. The company has a market cap of $4.11 billion, a PE ratio of 10.30, a P/E/G ratio of 1.40 and a beta of 1.45. The business has a 50-day moving average of $92.03 and a 200-day moving average of $94.45.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, July 23rd. The transportation company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.01. SkyWest had a return on equity of 14.63% and a net margin of 9.78%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $2.91 EPS. SkyWest’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts forecast that SkyWest will post 10.58 earnings per share for the current year.

Key Stories Impacting SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported Q2 2026 revenue of about $1.10 billion, up 6.5% year over year, showing continued demand and healthier top-line momentum. SkyWest, Inc. Announces Second Quarter 2026 Profit
• Positive Sentiment: The company projected 2026 GAAP EPS in the “$11 area,” which suggests management sees continued earnings strength ahead. SkyWest projects 2026 GAAP EPS in the $11 area while outlining $700M CapEx
• Positive Sentiment: Wall Street commentary remains constructive on SkyWest, and a bullish analyst tone can support the stock by reinforcing confidence in the outlook. Is It Worth Investing in SkyWest (SKYW) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Q2 earnings of $2.54 per share were roughly in line with consensus but below some higher estimates, while revenue slightly missed expectations. SkyWest (SKYW) Q2 Earnings and Revenues Miss Estimates
• Negative Sentiment: Higher fuel costs in the prorate business pressured quarterly results, which may weigh on margins if the cost trend continues. SkyWest, Inc. Announces Second Quarter 2026 Profit

SkyWest Company Profile

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.