Skyline Champion (NYSE:SKY) Posts Earnings Results, Beats Estimates By $0.32 EPS

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

Skyline Champion Stock Down 1.1 %

Shares of Skyline Champion stock traded down $0.98 on Thursday, reaching $89.01. The company’s stock had a trading volume of 13,042 shares, compared to its average volume of 355,786. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 34.75 and a beta of 1.57. The firm’s fifty day simple moving average is $92.56 and its two-hundred day simple moving average is $81.42. Skyline Champion has a 52 week low of $52.12 and a 52 week high of $101.39. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02.

Insiders Place Their Bets

In related news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction on Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares of the company’s stock, valued at $241,415,355. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Jonathan Wade Lyall sold 10,000 shares of Skyline Champion stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $89.90, for a total transaction of $899,000.00. Following the transaction, the executive vice president now directly owns 36,082 shares in the company, valued at approximately $3,243,771.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction on Friday, September 6th. The shares were sold at an average price of $88.87, for a total value of $3,554,800.00. Following the transaction, the director now owns 2,716,500 shares in the company, valued at $241,415,355. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,636 shares of company stock valued at $14,582,253. Corporate insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

SKY has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday. Barclays lifted their price objective 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. Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Wedbush reiterated a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.40.

Skyline Champion Company Profile

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.