Skyline Champion Co. (NYSE:SKY) Expected to Post Earnings of $0.62 Per Share

Equities analysts predict that Skyline Champion Co. (NYSE:SKY) will report earnings of $0.62 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Skyline Champion’s earnings. Skyline Champion reported earnings per share of $0.31 during the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The company is scheduled to issue its next earnings report on Tuesday, October 26th.

According to Zacks, analysts expect that Skyline Champion will report full year earnings of $2.52 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $2.68 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Skyline Champion.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.19. Skyline Champion had a return on equity of 21.06% and a net margin of 6.99%.

A number of brokerages have recently weighed in on SKY. Wedbush boosted their price target on Skyline Champion from $47.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, August 4th. Zacks Investment Research upgraded Skyline Champion from a “hold” rating to a “strong-buy” rating and set a $69.00 price target for the company in a report on Tuesday, August 24th. TheStreet upgraded Skyline Champion from a “c” rating to a “b” rating in a report on Tuesday, June 1st. Craig Hallum upped their price objective on Skyline Champion from $67.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, August 5th. Finally, Barclays upped their price objective on Skyline Champion from $60.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, August 5th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Skyline Champion currently has an average rating of “Buy” and an average target price of $71.75.

In other news, Director Keith A. Anderson sold 29,723 shares of Skyline Champion stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $60.52, for a total value of $1,798,835.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy A. Burkhardt sold 7,362 shares of Skyline Champion stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $63.01, for a total transaction of $463,879.62. Following the completion of the transaction, the vice president now directly owns 25,669 shares in the company, valued at $1,617,403.69. The disclosure for this sale can be found here. Insiders have sold a total of 48,138 shares of company stock worth $2,858,362 over the last 90 days. 6.90% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Atlantic Trust LLC acquired a new stake in Skyline Champion in the second quarter valued at approximately $26,000. Eaton Vance Management acquired a new stake in Skyline Champion in the first quarter valued at approximately $39,000. Advisor Group Holdings Inc. lifted its stake in shares of Skyline Champion by 19.4% in the second quarter. Advisor Group Holdings Inc. now owns 1,552 shares of the company’s stock worth $84,000 after buying an additional 252 shares during the last quarter. Tradition Wealth Management LLC acquired a new stake in shares of Skyline Champion in the second quarter worth $96,000. Finally, FORA Capital LLC acquired a new stake in shares of Skyline Champion in the second quarter worth $97,000. 97.81% of the stock is currently owned by institutional investors and hedge funds.

SKY stock opened at $62.90 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.06. Skyline Champion has a 52-week low of $23.69 and a 52-week high of $66.82. The stock’s 50 day moving average is $59.39 and its two-hundred day moving average is $51.30. The company has a market capitalization of $3.57 billion, a PE ratio of 30.99 and a beta of 2.23.

Skyline Champion Company Profile

Skyline Champion Corp. engages in the manufacture and retail of mobile homes and other manufactured housing. It builds homes under the following brands: Skyline Homes, Champion Home Builders, Athens Park Model RVs, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S.

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Earnings History and Estimates for Skyline Champion (NYSE:SKY)

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