Skyline Champion (NYSE:SKY) Announces Earnings Results, Misses Estimates By $0.05 EPS

Skyline Champion (NYSE:SKY - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05), Briefing.com reports. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. The business had revenue of $536.36 million for the quarter, compared to the consensus estimate of $560.90 million. During the same period in the previous year, the firm earned $1.00 EPS. The company's revenue was up 9.1% on a year-over-year basis.

Skyline Champion Stock Performance

Shares of NYSE:SKY traded down $5.71 during midday trading on Wednesday, reaching $71.97. 961,553 shares of the company's stock traded hands, compared to its average volume of 280,039. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 2.56. Skyline Champion has a one year low of $52.12 and a one year high of $86.71. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 20.62 and a beta of 1.54. The stock has a 50 day moving average of $79.40 and a 200 day moving average of $74.03.

Analyst Upgrades and Downgrades

SKY has been the topic of a number of analyst reports. Wedbush reissued a "neutral" rating and issued a $72.00 price target on shares of Skyline Champion in a research report on Wednesday. Royal Bank of Canada raised their price target on Skyline Champion from $69.00 to $73.00 and gave the company a "sector perform" rating in a report on Wednesday, February 7th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion has an average rating of "Hold" and an average target price of $71.40.

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.