Skyline Champion (NYSE:SKY) Posts Earnings Results, Beats Expectations By $0.24 EPS

Skyline Champion (NYSE:SKY) released its quarterly earnings results on Tuesday. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24, Zacks reports. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%.

Skyline Champion Stock Performance

Shares of SKY traded up $1.00 during midday trading on Tuesday, hitting $92.70. 1,055,448 shares of the stock traded hands, compared to its average volume of 700,919. Skyline Champion has a 1-year low of $64.82 and a 1-year high of $116.49. The firm has a market capitalization of $5.32 billion, a PE ratio of 35.79 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The business’s 50 day moving average price is $94.91 and its two-hundred day moving average price is $92.03.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.40.

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.