Skyline Champion (SKY) Set to Announce Quarterly Earnings on Monday

Skyline Champion (NYSE:SKY) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce 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) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The company’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. 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 Stock Performance

Shares of SKY stock opened at $88.13 on Friday. Skyline Champion has a 12 month low of $52.12 and a 12 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 market cap of $5.09 billion, a P/E ratio of 34.70 and a beta of 1.57. The firm has a fifty day moving average price of $92.49 and a 200 day moving average price of $81.19.

Wall Street Analyst Weigh In

SKY has been the topic of a number of recent analyst reports. Wedbush reiterated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. Jefferies Financial Group increased their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Finally, Barclays lifted their price target on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Skyline Champion presently has a consensus rating of “Hold” and an average target price of $80.20.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 5,170 shares of the company’s stock, valued at approximately $430,040.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the sale, the director now directly owns 5,170 shares of the company’s stock, valued at $430,040.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 2,874 shares of Skyline Champion stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $89.42, for a total value of $256,993.08. Following the completion of the transaction, the vice president now owns 38,792 shares in the company, valued at $3,468,780.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,636 shares of company stock worth $14,582,253. 6.90% of the stock is owned by insiders.

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.