Skyline Champion (NYSE:SKY) Announces Quarterly Earnings Results

Skyline Champion (NYSE:SKY) issued its quarterly earnings data on Tuesday. The company reported $1.04 earnings per share (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 opened at $92.70 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The firm has a 50-day moving average price of $94.69 and a 200 day moving average price of $92.15. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 35.79 and a beta of 1.62.

Analyst Ratings Changes

Several analysts have recently commented on SKY shares. Craig Hallum raised their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays raised their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada raised their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.