Wedbush Equities Analysts Reduce Earnings Estimates for SKY

Skyline Champion Co. (NYSE:SKY - Free Report) - Wedbush cut their Q1 2026 EPS estimates for Skyline Champion in a research report issued on Tuesday, May 27th. Wedbush analyst J. Mccanless now anticipates that the company will earn $0.86 per share for the quarter, down from their previous estimate of $0.99. The consensus estimate for Skyline Champion's current full-year earnings is $3.63 per share. Wedbush also issued estimates for Skyline Champion's Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $0.94 EPS, Q4 2026 earnings at $0.86 EPS, FY2026 earnings at $3.61 EPS, Q1 2027 earnings at $0.92 EPS, Q2 2027 earnings at $1.03 EPS, Q3 2027 earnings at $1.02 EPS and Q4 2027 earnings at $0.92 EPS.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The business had revenue of $593.87 million for the quarter, compared to the consensus estimate of $595.42 million. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Skyline Champion's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS.

SKY has been the subject of a number of other research reports. Royal Bank of Canada cut their target price on shares of Skyline Champion from $96.00 to $82.00 and set a "sector perform" rating for the company in a research report on Wednesday. Barclays cut their target price on shares of Skyline Champion from $97.00 to $72.00 and set an "equal weight" rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $80.60.

Skyline Champion Stock Performance

NYSE:SKY traded down $0.19 on Thursday, reaching $65.36. 1,554,128 shares of the company's stock were exchanged, compared to its average volume of 569,731. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 23.01 and a beta of 1.37. Skyline Champion has a 52 week low of $64.45 and a 52 week high of $116.49. The stock has a fifty day simple moving average of $85.41 and a 200-day simple moving average of $93.14.

Hedge Funds Weigh In On Skyline Champion

A number of large investors have recently modified their holdings of SKY. Harvest Fund Management Co. Ltd bought a new position in shares of Skyline Champion in the fourth quarter valued at approximately $36,000. Sterling Capital Management LLC boosted its position in shares of Skyline Champion by 645.5% in the fourth quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after acquiring an additional 794 shares during the period. AlphaQuest LLC boosted its position in shares of Skyline Champion by 1,231.3% in the first quarter. AlphaQuest LLC now owns 852 shares of the company's stock valued at $81,000 after acquiring an additional 788 shares during the period. GAMMA Investing LLC boosted its position in shares of Skyline Champion by 306.0% in the first quarter. GAMMA Investing LLC now owns 1,015 shares of the company's stock valued at $96,000 after acquiring an additional 765 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Skyline Champion in the fourth quarter valued at approximately $108,000.

Skyline Champion announced that its Board of Directors has authorized a share repurchase plan on Friday, May 30th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Skyline Champion Company Profile

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.