Skyline Champion (NYSE:SKY) Announces Quarterly Earnings Results

Skyline Champion (NYSE:SKY) announced its quarterly earnings results on Monday. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32, Briefing.com reports. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same quarter last year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 32.9% compared to the same quarter last year.

Skyline Champion Trading Down 0.9 %

NYSE:SKY traded down $0.83 during midday trading on Thursday, hitting $89.16. 18,337 shares of the company traded hands, compared to its average volume of 355,798. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12-month low of $52.12 and a 12-month high of $101.39. The firm has a market capitalization of $5.13 billion, a P/E ratio of 34.75 and a beta of 1.57. The firm’s fifty day moving average is $92.56 and its 200-day moving average is $81.42.

Insider Activity

In related news, Director Michael B. Berman sold 3,496 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $287,860.64. Following the transaction, the director now directly owns 8,099 shares in the company, valued at approximately $666,871.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Erin Mulligan Nelson sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $83.18, for a total value of $83,180.00. Following the transaction, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael B. Berman sold 3,496 shares of Skyline Champion stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $287,860.64. Following the sale, the director now owns 8,099 shares of the company’s stock, valued at $666,871.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,636 shares of company stock valued at $14,582,253. 6.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SKY shares. Wedbush restated a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Jefferies Financial Group raised their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays increased their price target on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada upped their price objective on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and an average price target of $84.40.

About Skyline Champion

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.