Posted by admin on Jun 4th, 2022

Wall Street analysts expect Skyline Champion Co. (NYSE:SKY – Get Rating) to announce earnings per share (EPS) of $1.51 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Skyline Champion’s earnings. The lowest EPS estimate is $1.43 and the highest is $1.59. Skyline Champion posted earnings of $0.75 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 101.3%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Skyline Champion will report full-year earnings of $5.04 per share for the current financial year, with EPS estimates ranging from $4.55 to $5.52. For the next financial year, analysts anticipate that the firm will report earnings of $4.60 per share, with EPS estimates ranging from $4.00 to $5.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Skyline Champion.

Skyline Champion (NYSE:SKY – Get Rating) last released its earnings results on Monday, May 23rd. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.51. The firm had revenue of $638.12 million for the quarter, compared to analyst estimates of $561.80 million. Skyline Champion had a return on equity of 35.01% and a net margin of 11.24%. Skyline Champion’s revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share.

A number of research analysts recently issued reports on SKY shares. Barclays lowered their target price on Skyline Champion from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. Royal Bank of Canada lowered their target price on Skyline Champion from $87.00 to $61.00 in a report on Wednesday, May 25th. StockNews.com began coverage on Skyline Champion in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Skyline Champion from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Saturday, May 28th. Finally, Craig Hallum decreased their price target on Skyline Champion from $80.00 to $71.00 in a research report on Wednesday, May 25th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $65.60.

NYSE:SKY traded down $0.25 during mid-day trading on Friday, reaching $54.15. 366,089 shares of the stock were exchanged, compared to its average volume of 587,314. The business has a fifty day moving average price of $53.01 and a 200 day moving average price of $65.53. The firm has a market capitalization of $3.08 billion, a PE ratio of 12.51 and a beta of 1.93. Skyline Champion has a 1-year low of $44.00 and a 1-year high of $85.92. The company has a current ratio of 2.23, a quick ratio of 1.55 and a debt-to-equity ratio of 0.02.

In other Skyline Champion news, VP Timothy A. Burkhardt sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $68.55, for a total transaction of $171,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erin Mulligan Nelson sold 6,508 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $52.83, for a total value of $343,817.64. Following the sale, the director now owns 1,750 shares of the company’s stock, valued at $92,452.50. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SKY. Los Angeles Capital Management LLC lifted its holdings in shares of Skyline Champion by 61.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 28,951 shares of the company’s stock valued at $2,287,000 after buying an additional 11,003 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Skyline Champion by 81.6% during the 4th quarter. First Eagle Investment Management LLC now owns 10,461 shares of the company’s stock valued at $826,000 after buying an additional 4,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Skyline Champion by 10.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,591 shares of the company’s stock valued at $521,000 after buying an additional 647 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Skyline Champion by 375.2% during the 4th quarter. Qube Research & Technologies Ltd now owns 26,024 shares of the company’s stock valued at $2,055,000 after buying an additional 20,547 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Skyline Champion by 27.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,063 shares of the company’s stock valued at $874,000 after buying an additional 2,391 shares during the last quarter. Hedge funds and other institutional investors own 98.48% of the company’s stock.

About Skyline Champion (Get Rating)

Skyline Champion Corporation operates as a factory-built housing company in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family, hospitality, and senior and workforce housing sectors. It builds homes under the brand names of Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes in the United Statesp; and Moduline and SRI Homes in western Canada.

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