Skyline Champion (NYSE:SKY) Announces Earnings Results, Beats Estimates By $0.24 EPS

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

Skyline Champion Stock Up 13.5 %

Shares of NYSE:SKY opened at $105.27 on Thursday. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49. The stock’s 50-day moving average price is $94.72 and its two-hundred day moving average price is $92.24. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 40.64 and a beta of 1.62.

Wall Street Analyst Weigh In

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