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Wall Street brokerages expect that Skyline Champion Co. (NYSE:SKY - Get Rating) will post sales of $663.45 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Skyline Champion's earnings. The highest sales estimate is $672.00 million and the lowest is $654.90 million. Skyline Champion posted sales of $510.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Skyline Champion will report full year sales of $2.46 billion for the current fiscal year, with estimates ranging from $2.41 billion to $2.51 billion. For the next financial year, analysts expect that the firm will report sales of $2.55 billion, with estimates ranging from $2.54 billion to $2.57 billion. Zacks' sales calculations are a mean average based on a survey of research firms that that provide coverage for Skyline Champion.

Skyline Champion (NYSE:SKY - Get Rating) last released its earnings results on Monday, May 23rd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.51. Skyline Champion had a net margin of 11.24% and a return on equity of 35.01%. The business had revenue of $638.12 million for the quarter, compared to analysts' expectations of $561.80 million. During the same period last year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 42.5% on a year-over-year basis.

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.

A number of equities analysts recently commented on SKY shares. Zacks Investment Research upgraded Skyline Champion from a "hold" rating to a "strong-buy" rating and set a $61.00 price objective on the stock in a report on Saturday, May 28th. Barclays reduced their price objective 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. StockNews.com initiated coverage on Skyline Champion in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Craig Hallum dropped their price objective on Skyline Champion from $80.00 to $71.00 in a research note on Wednesday, May 25th. Finally, Royal Bank of Canada decreased their price target on Skyline Champion from $87.00 to $61.00 in a report on Wednesday, May 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $65.60.

SKY opened at $54.15 on Friday. The stock has a market capitalization of $3.08 billion, a PE ratio of 12.51 and a beta of 1.93. Skyline Champion has a 1 year low of $44.00 and a 1 year high of $85.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 2.23. The company's 50 day simple moving average is $53.01 and its 200 day simple moving average is $65.43.

In other news, VP Timothy A. Burkhardt sold 2,500 shares of the company's stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Erin Mulligan Nelson sold 6,508 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $52.83, for a total transaction of $343,817.64. Following the transaction, the director now directly owns 1,750 shares of the company's stock, valued at approximately $92,452.50. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its position in shares of Skyline Champion by 28.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 866 shares of the company's stock worth $68,000 after acquiring an additional 193 shares during the period. Legal & General Group Plc increased its position in shares of Skyline Champion by 0.4% during the fourth quarter. Legal & General Group Plc now owns 44,591 shares of the company's stock worth $3,522,000 after acquiring an additional 198 shares during the period. Mackenzie Financial Corp increased its position in shares of Skyline Champion by 5.7% during the first quarter. Mackenzie Financial Corp now owns 4,120 shares of the company's stock worth $226,000 after acquiring an additional 224 shares during the period. Exchange Traded Concepts LLC increased 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 acquiring an additional 225 shares during the period. Finally, Great Lakes Advisors LLC increased its position in shares of Skyline Champion by 8.4% during the fourth quarter. Great Lakes Advisors LLC now owns 3,689 shares of the company's stock worth $291,000 after acquiring an additional 287 shares during the period. 98.48% of the stock is owned by institutional investors and hedge funds.

Skyline Champion Company Profile (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.

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