Sky Harbour Group (NYSEAMERICAN:SKYH) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Sky Harbour Group (NYSEAMERICAN:SKYH) posted its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10, Zacks reports. Sky Harbour Group had a negative net margin of 325.99% and a negative return on equity of 12.00%. The company had revenue of $3.62 million for the quarter.

Sky Harbour Group Price Performance

Sky Harbour Group stock traded up $0.74 during mid-day trading on Wednesday, reaching $9.65. The company had a trading volume of 99,484 shares, compared to its average volume of 47,212. Sky Harbour Group has a 52 week low of $4.16 and a 52 week high of $13.60. The company has a market cap of $643.46 million, a PE ratio of -6.38 and a beta of 1.84.

Insider Buying and Selling at Sky Harbour Group

In other Sky Harbour Group news, major shareholder Omaha Corp Boston sold 246,389 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $10.00, for a total value of $2,463,890.00. Following the transaction, the insider now owns 12,440,642 shares of the company’s stock, valued at $124,406,420. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 45.18% of the company’s stock.

Sky Harbour Group Company Profile

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.