Champion Homes (NYSE:SKY – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01, FiscalAI reports. The firm had revenue of $727.03 million for the quarter, compared to the consensus estimate of $719.71 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. During the same period last year, the firm earned $1.03 earnings per share.
Champion Homes Stock Down 2.6%
SKY traded down $2.32 during trading on Tuesday, hitting $86.38. The stock had a trading volume of 1,016,356 shares, compared to its average volume of 685,787. The stock has a 50 day simple moving average of $83.95 and a two-hundred day simple moving average of $82.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. Champion Homes has a twelve month low of $63.87 and a twelve month high of $99.17. The company has a market capitalization of $4.69 billion, a PE ratio of 25.18 and a beta of 1.02.
Insiders Place Their Bets
In other news, Director Erin Helgren sold 1,100 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the sale, the director owned 8,196 shares in the company, valued at approximately $778,620. This represents a 11.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Berman sold 1,500 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This represents a 18.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Barclays lifted their price target on Champion Homes from $102.00 to $109.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. UBS Group boosted their price target on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.75.
View Our Latest Research Report on Champion Homes
Champion Homes Company Profile
Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in the United States and Canada. The company designs and produces manufactured homes, modular homes and other residential structures in controlled factory environments, offering housing solutions for individual homeowners, developers, retailers and communities.
Its products include single-section and multi-section manufactured homes, modular homes, accessory dwelling units and park model recreational vehicles. Champion Homes markets its products through independent retailers, company-owned retail operations and other distribution channels, and also provides related construction and installation services in selected markets.
The company traces its heritage to the Skyline and Champion businesses, which combined in 2018 to form Skyline Champion Corporation.
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