Skyline Champion (NYSE:SKY – Get Rating) announced its quarterly earnings data on Monday. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.51, Briefing.com reports. Skyline Champion had a net margin of 9.68% and a return on equity of 30.44%. The business had revenue of $638.12 million during the quarter, compared to analyst estimates of $561.80 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis.
Shares of SKY stock opened at $53.63 on Tuesday. Skyline Champion has a 52-week low of $41.87 and a 52-week high of $85.92. The stock has a market cap of $3.05 billion, a PE ratio of 15.73 and a beta of 1.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.59 and a current ratio of 2.24. The firm’s 50 day moving average price is $55.66 and its two-hundred day moving average price is $66.89.
In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $68.55, for a total value of $171,375.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.90% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the stock. Royal Bank of Canada raised shares of Skyline Champion from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $81.00 to $87.00 in a research report on Friday, February 4th. Barclays dropped their price objective on shares of Skyline Champion from $100.00 to $84.00 in a report on Thursday, March 31st. StockNews.com started coverage on shares of Skyline Champion in a report on Thursday, March 31st. They set a “hold” rating for the company. Craig Hallum dropped their price objective on shares of Skyline Champion from $111.00 to $80.00 in a report on Monday, April 18th. Finally, Zacks Investment Research lowered shares of Skyline Champion from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Skyline Champion has an average rating of “Buy” and an average price target of $80.20.
Skyline Champion Company Profile (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.
- Get a free copy of the StockNews.com research report on Skyline Champion (SKY)
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