Skyline Champion (NYSE:SKY - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates 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 Trading Up 0.3 %
NYSE:SKY traded up $0.33 on Thursday, reaching $105.60. The stock had a trading volume of 777,059 shares, compared to its average volume of 721,482. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 40.77 and a beta of 1.62. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The firm's fifty day moving average is $94.76 and its two-hundred day moving average is $92.33.
Analyst Upgrades and Downgrades
Several analysts have weighed in on SKY shares. 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 report on Wednesday, October 9th. Craig Hallum increased their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a research report on Thursday. Finally, Barclays increased their price target on shares of Skyline Champion from $90.00 to $106.00 and gave the company an "equal weight" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $90.20.
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About Skyline Champion
(
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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.
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