Skyline Champion (NYSE:SKY) Announces Quarterly Earnings Results

Skyline Champion (NYSE:SKY) issued its quarterly earnings results on Tuesday. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.80 by $0.24, Zacks reports. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%.

Skyline Champion Stock Up 1.1 %

Shares of NYSE SKY traded up $1.00 during trading hours on Tuesday, hitting $92.70. The stock had a trading volume of 1,055,448 shares, compared to its average volume of 700,919. The company has a market capitalization of $5.32 billion, a P/E ratio of 35.79 and a beta of 1.63. The firm’s 50-day moving average price is $94.91 and its two-hundred day moving average price is $92.03. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

Analysts Set New Price Targets

SKY has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Craig Hallum lifted their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Skyline Champion presently has an average rating of “Hold” and an average target price of $85.40.

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.