Skyline Champion (NYSE:SKY) Issues Earnings Results

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

Skyline Champion Trading Down 1.5 %

Shares of NYSE:SKY opened at $89.45 on Wednesday. Skyline Champion has a 52 week low of $52.12 and a 52 week high of $101.39. The company’s 50 day moving average is $92.55 and its two-hundred day moving average is $81.36. The company has a market cap of $5.15 billion, a PE ratio of 34.54 and a beta of 1.57. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

Several equities analysts have weighed in on SKY shares. Jefferies Financial Group lifted their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Barclays boosted their price target on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Finally, Wedbush reiterated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.20.

Insider Buying and Selling

In other news, Director Michael B. Berman sold 3,496 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $82.34, for a total transaction of $287,860.64. Following the completion of the transaction, the director now directly owns 8,099 shares of the company’s stock, valued at approximately $666,871.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the company’s 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 completion of the transaction, the director now owns 2,716,500 shares in the company, valued at $241,415,355. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael B. Berman sold 3,496 shares of Skyline Champion stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the sale, the director now owns 8,099 shares in the company, valued at $666,871.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,636 shares of company stock worth $14,582,253. Corporate insiders own 6.90% of the company’s stock.

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.