Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Skyline Champion Co. (NYSE:SKY - Get Rating) - Analysts at Wedbush raised their Q1 2023 earnings per share (EPS) estimates for shares of Skyline Champion in a research note issued on Tuesday, May 31st. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $1.43 for the quarter, up from their previous forecast of $0.98. Wedbush also issued estimates for Skyline Champion's Q2 2023 earnings at $1.34 EPS, Q3 2023 earnings at $0.87 EPS, FY2023 earnings at $4.55 EPS and FY2024 earnings at $4.00 EPS.
SKY has been the subject of a number of other research reports. StockNews.com initiated coverage on Skyline Champion in a research report on Thursday, March 31st. They set a "hold" rating for the company. Royal Bank of Canada decreased their target price on Skyline Champion from $87.00 to $61.00 in a research report on Wednesday, May 25th. Barclays decreased their target price on Skyline Champion from $84.00 to $71.00 and set an "overweight" rating for the company in a research report on Wednesday, May 25th. Craig Hallum decreased their target price on Skyline Champion from $80.00 to $71.00 in a research report on Wednesday, May 25th. Finally, Zacks Investment Research raised Skyline Champion from a "hold" rating to a "strong-buy" rating and set a $61.00 price objective for the company in a research report on Saturday, May 28th. Two 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 company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $65.60.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
NYSE:SKY opened at $52.44 on Thursday. The stock's 50 day moving average price is $53.14 and its 200 day moving average price is $65.84. Skyline Champion has a 52 week low of $44.00 and a 52 week high of $85.92. The company has a market capitalization of $2.98 billion, a P/E ratio of 12.11 and a beta of 1.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 2.23. Skyline Champion (NYSE:SKY - Get Rating) last released its quarterly earnings data on Monday, May 23rd. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.51. Skyline Champion had a return on equity of 35.01% and a net margin of 11.24%. The firm had revenue of $638.12 million for the quarter, compared to the consensus estimate of $561.80 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm's revenue was up 42.5% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of SKY. Clearstead Advisors LLC bought a new position in Skyline Champion during the third quarter worth about $38,000. First Horizon Advisors Inc. raised its position in shares of Skyline Champion by 561.6% during the fourth quarter. First Horizon Advisors Inc. now owns 483 shares of the company's stock worth $38,000 after purchasing an additional 410 shares during the period. David J Yvars Group acquired a new stake in shares of Skyline Champion during the fourth quarter worth about $48,000. Exchange Traded Concepts LLC raised its position in shares of Skyline Champion by 51.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 663 shares of the company's stock worth $52,000 after purchasing an additional 225 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Skyline Champion during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 98.48% of the company's stock.
In related 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 value of $171,375.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Erin Mulligan Nelson sold 6,508 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $52.83, for a total value of $343,817.64. Following the completion of the transaction, the director now owns 1,750 shares in the company, valued at approximately $92,452.50. The disclosure for this sale can be found here. Corporate insiders own 6.90% 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.
Recommended StoriesGet a free copy of the StockNews.com research report on Skyline Champion (SKY)Coty Stock Looks Attractive Down HerePerrigo Stock is a Second Half Expansion PlayBlink Charging Stock Looks to Settle Down Here Don’t Bet On HP Inc Setting A New High The Analysts Like The Fit Of Victoria’s Secret & Co
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Skyline Champion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Skyline Champion wasn't on the list.
While Skyline Champion currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
In this episode, Kate sits down with Kyrill Astur, CEO of portfolio management firm Centerfin. Kyrill brings a background from Wall Street and hedge funds to his current role helping individual investors navigate the market challenges while investing for their future.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.