Skyline Champion (SKY) Scheduled to Post Earnings on Monday

Skyline Champion (NYSE:SKY) is set to release its earnings data after the market closes on Monday, October 28th. Analysts expect Skyline Champion to post earnings of $0.61 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $600.39 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. Skyline Champion’s revenue for the quarter was up 35.1% on a year-over-year basis. 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 1.0 %

NYSE:SKY opened at $88.13 on Friday. 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 business’s 50 day moving average is $92.50 and its two-hundred day moving average is $81.16. Skyline Champion has a 52 week low of $52.12 and a 52 week high of $101.39. The company has a market cap of $5.07 billion, a PE ratio of 36.30 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SKY. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays raised their target price on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Jefferies Financial Group lifted their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wedbush reaffirmed a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Five investment 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 presently has an average rating of “Hold” and a consensus target price of $80.20.

Insider Buying and Selling at Skyline Champion

In other news, Director Mak Capital One Llc sold 80,000 shares of Skyline Champion stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total value of $7,212,800.00. Following the transaction, the director now directly owns 2,920,000 shares in the company, valued at approximately $263,267,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Laurie M. Hough sold 5,354 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the transaction, the chief financial officer now directly owns 105,153 shares in the company, valued at $9,320,761.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mak Capital One Llc sold 80,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares in the company, valued at $263,267,200. 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 worth $14,582,253 over the last three months. Corporate 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.