Skyline Champion (SKY) to Release Quarterly Earnings on Monday

Skyline Champion (NYSE:SKY - Get Free Report) is scheduled to announce its earnings results after the market closes on Monday, October 28th. Analysts expect Skyline Champion to post earnings of $0.61 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.22. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The firm had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. During the same period last year, the company earned $0.89 EPS. The business's quarterly revenue was up 35.1% compared to the same quarter last year. On average, analysts expect Skyline Champion to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Skyline Champion Trading Down 6.5 %

Shares of SKY stock traded down $6.46 on Monday, hitting $93.48. The stock had a trading volume of 386,481 shares, compared to its average volume of 356,391. The firm has a market cap of $5.38 billion, a P/E ratio of 38.31 and a beta of 1.57. Skyline Champion has a twelve month low of $52.12 and a twelve month high of $101.39. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $92.35 and a two-hundred day moving average price of $80.96.

Insiders Place Their Bets

In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the firm's stock in a transaction that occurred 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 owns 5,170 shares of the company's stock, valued at approximately $430,040.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mak Capital One Llc sold 40,000 shares of the business'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 value 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 approximately $241,415,355. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,636 shares of company stock valued at $14,582,253 in the last quarter. Insiders own 6.90% of the company's stock.

Wall Street Analyst Weigh In

SKY has been the topic of several analyst reports. StockNews.com raised shares of Skyline Champion from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their target price on Skyline Champion from $68.00 to $82.00 and gave the company a "sector perform" rating in a research report on Thursday, August 8th. Wedbush reissued a "neutral" rating and set a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. Barclays increased their target price 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. Finally, Jefferies Financial Group upped their target price on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Skyline Champion currently has a consensus 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.