Skyline Champion (SKY) Scheduled to Post Quarterly Earnings on Tuesday

Posted by Defense World Staff on May 23rd, 2023

Skyline Champion (NYSE:SKY – Get Rating) will announce its earnings results before the market opens on Tuesday, May 30th. Analysts expect the company to announce earnings of $0.99 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Skyline Champion Price Performance

Shares of NYSE:SKY opened at $67.70 on Tuesday. The firm’s 50 day moving average price is $70.69 and its 200-day moving average price is $62.43. The company has a quick ratio of 3.01, a current ratio of 3.86 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.86 billion, a PE ratio of 9.03 and a beta of 1.67. Skyline Champion has a twelve month low of $43.04 and a twelve month high of $76.82.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SKY shares. Craig Hallum upped their price objective on Skyline Champion from $65.00 to $78.00 in a research note on Wednesday, February 8th. StockNews.com initiated coverage on Skyline Champion in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada increased their target price on shares of Skyline Champion from $54.00 to $65.00 in a report on Wednesday, February 8th.

Insider Activity

In other news, EVP Joseph A. Kimmell sold 8,547 shares of Skyline Champion stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $67.84, for a total transaction of $579,828.48. Following the sale, the executive vice president now owns 27,204 shares in the company, valued at $1,845,519.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Joseph A. Kimmell sold 8,547 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $67.84, for a total transaction of $579,828.48. Following the completion of the transaction, the executive vice president now owns 27,204 shares in the company, valued at $1,845,519.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy A. Burkhardt sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $69.12, for a total value of $241,920.00. Following the completion of the sale, the vice president now owns 26,066 shares in the company, valued at $1,801,681.92. The disclosure for this sale can be found here. Company insiders own 7.10% of the company’s stock.

Institutional Trading of Skyline Champion

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in Skyline Champion by 28.9% during the first quarter. JPMorgan Chase & Co. now owns 60,302 shares of the company’s stock worth $3,309,000 after buying an additional 13,513 shares during the period. Private Advisor Group LLC bought a new position in Skyline Champion during the 1st quarter valued at about $277,000. Bank of Montreal Can purchased a new stake in Skyline Champion in the 1st quarter worth about $222,000. Acadian Asset Management LLC bought a new stake in Skyline Champion in the first quarter worth about $496,000. Finally, MetLife Investment Management LLC boosted its position in shares of Skyline Champion by 53.8% during the first quarter. MetLife Investment Management LLC now owns 28,047 shares of the company’s stock valued at $1,539,000 after buying an additional 9,809 shares during the period. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Skyline Champion Company Profile

(Get Rating)

Skyline Champion Corp. engages in the manufacturing and retail of mobile homes and other manufactured housing. It builds homes under the following brands: Skyline Homes, Champion Home Builders, Athens Park Model RVs, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S.

Earnings History for Skyline Champion (NYSE:SKY)

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