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

Skyline Champion (NYSE:SKY) announced its earnings results on Tuesday. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 1.1 %

Skyline Champion stock traded up $1.00 during midday trading on Tuesday, reaching $92.70. The stock had a trading volume of 1,055,393 shares, compared to its average volume of 700,919. The company has a fifty day moving average price of $94.91 and a two-hundred day moving average price of $92.03. The company has a market capitalization of $5.32 billion, a P/E ratio of 35.79 and a beta of 1.63. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12 month low of $64.82 and a 12 month high of $116.49.

Wall Street Analyst Weigh In

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