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

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

Skyline Champion Trading Up 0.6 %

Shares of NYSE SKY traded up $0.56 during midday trading on Wednesday, reaching $90.00. The company had a trading volume of 360,298 shares, compared to its average volume of 357,418. Skyline Champion has a one year low of $52.12 and a one year high of $101.39. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $92.56 and its 200-day moving average price is $81.42. The stock has a market cap of $5.18 billion, a PE ratio of 34.75 and a beta of 1.57.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays lifted their price target on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Jefferies Financial Group lifted their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Craig Hallum lifted their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Wedbush reaffirmed a “neutral” rating and set a $64.00 price target on shares of Skyline Champion in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.40.

Insider Activity

In other news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the sale, the director now owns 2,716,500 shares of the company’s stock, valued at approximately $241,415,355. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Jonathan Wade Lyall sold 12,448 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $87.88, for a total transaction of $1,093,930.24. Following the transaction, the executive vice president now owns 46,082 shares in the company, valued at $4,049,686.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,636 shares of company stock valued at $14,582,253. Insiders own 6.90% of the company’s stock.

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.