Skyline Champion (SKY) Set to Announce Quarterly Earnings on Monday

Skyline Champion (NYSE:SKYGet Rating) is scheduled to be releasing its earnings data after the market closes on Monday, May 23rd. Analysts expect Skyline Champion to post earnings of $0.99 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Shares of NYSE:SKY opened at $53.74 on Monday. Skyline Champion has a 52-week low of $38.96 and a 52-week high of $85.92. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 15.76 and a beta of 1.92. The company has a quick ratio of 1.59, a current ratio of 2.24 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $57.10 and a 200-day moving average price of $67.48.

Several brokerages recently weighed in on SKY. Zacks Investment Research cut Skyline Champion from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Craig Hallum cut their price objective on Skyline Champion from $111.00 to $80.00 in a research report on Monday, April 18th. StockNews.com began coverage on Skyline Champion in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Royal Bank of Canada raised Skyline Champion from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $81.00 to $87.00 in a research note on Friday, February 4th. Finally, Barclays lowered their price target on Skyline Champion from $100.00 to $84.00 in a research note on Thursday, March 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $80.20.

In other Skyline Champion news, EVP Joseph A. Kimmell sold 6,931 shares of the stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $74.85, for a total value of $518,785.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy A. Burkhardt sold 2,500 shares of the stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $68.55, for a total value of $171,375.00. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Skyline Champion by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,490,446 shares of the company’s stock worth $301,316,000 after buying an additional 167,921 shares during the last quarter. BlackRock Inc. grew its stake in shares of Skyline Champion by 3.1% in the 4th quarter. BlackRock Inc. now owns 4,013,384 shares of the company’s stock valued at $316,977,000 after purchasing an additional 120,875 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Skyline Champion by 87.8% in the 1st quarter. Renaissance Technologies LLC now owns 373,300 shares of the company’s stock valued at $20,487,000 after purchasing an additional 174,500 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Skyline Champion by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 275,403 shares of the company’s stock valued at $16,541,000 after buying an additional 8,811 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Skyline Champion by 19.6% in the 1st quarter. Sei Investments Co. now owns 214,428 shares of the company’s stock valued at $11,761,000 after buying an additional 35,095 shares during the period. 98.48% of the stock is currently owned by institutional investors and hedge funds.

About Skyline Champion (Get Rating)

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

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Earnings History for Skyline Champion (NYSE:SKY)

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