Skyline Champion (NYSE:SKY) Posts Quarterly Earnings Results

Skyline Champion (NYSE:SKY - Get Free Report) issued its earnings results on Monday. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same quarter last year, the firm posted $0.82 EPS. The business's revenue for the quarter was up 32.9% compared to the same quarter last year.

Skyline Champion Stock Down 1.5 %

Shares of Skyline Champion stock traded down $1.40 during trading on Tuesday, reaching $89.45. The company had a trading volume of 651,464 shares, compared to its average volume of 357,405. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33. Skyline Champion has a fifty-two week low of $52.12 and a fifty-two week high of $101.39. The firm's fifty day moving average is $92.55 and its 200-day moving average is $81.36. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 36.66 and a beta of 1.57.

Insider Buying and Selling

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Jonathan Wade Lyall sold 10,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $89.90, for a total transaction of $899,000.00. Following the completion of the sale, the executive vice president now owns 36,082 shares of the company's stock, valued at $3,243,771.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mak Capital One Llc sold 40,000 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the completion of the transaction, the director now directly owns 2,716,500 shares in the company, valued at $241,415,355. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,636 shares of company stock worth $14,582,253. Corporate insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays raised their target price on Skyline Champion from $68.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, August 12th. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 8th. StockNews.com raised shares of Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. 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 report on Wednesday, October 9th. Finally, Wedbush reaffirmed a "neutral" rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Skyline Champion currently has an average rating of "Hold" and a consensus price target of $80.20.

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.