Skyline Champion (SKY) Expected to Announce Quarterly Earnings on Tuesday

Skyline Champion (NYSE:SKY) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.80 per share and revenue of $590,447.60 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same period last year, the firm earned $0.82 earnings per share. The firm’s revenue was up 32.9% on a year-over-year basis. On average, analysts expect Skyline Champion to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Skyline Champion Trading Up 2.9 %

Shares of SKY stock opened at $91.45 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 35.31 and a beta of 1.63. Skyline Champion has a 52-week low of $64.82 and a 52-week high of $116.49. The company has a 50-day simple moving average of $95.87 and a two-hundred day simple moving average of $91.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SKY. Barclays increased their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Craig Hallum lifted their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Skyline Champion currently has a consensus rating of “Hold” and an average price target of $85.40.

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.