Skyline Champion (NYSE:SKY) Releases Earnings Results, Beats Expectations By $0.32 EPS

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

Skyline Champion Price Performance

SKY traded down $2.72 during trading hours on Tuesday, hitting $88.13. The company’s stock had a trading volume of 151,771 shares, compared to its average volume of 355,014. The business’s 50-day moving average price is $92.52 and its 200-day moving average price is $81.29. Skyline Champion has a 12 month low of $52.12 and a 12 month high of $101.39. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 35.65 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.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.18, for a total value of $83,180.00. Following the sale, the director now owns 5,170 shares in the company, valued at approximately $430,040.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the transaction, the director now directly owns 5,170 shares of the company’s stock, valued at $430,040.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Laurie M. Hough sold 5,354 shares of Skyline Champion stock in a transaction on Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the transaction, the chief financial officer now directly owns 105,153 shares of the company’s stock, valued at $9,320,761.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,636 shares of company stock worth $14,582,253. 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.