Skyline (SKY) Issues Quarterly Earnings Results

Skyline (NYSEAMERICAN:SKY) released its quarterly earnings data on Monday. The construction company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23, Fidelity Earnings reports. The business had revenue of $355.44 million for the quarter, compared to analysts’ expectations of $368.20 million.

NYSEAMERICAN SKY traded up $0.83 on Tuesday, reaching $25.44. 30,768 shares of the company’s stock traded hands, compared to its average volume of 291,251. Skyline has a 12 month low of $11.30 and a 12 month high of $35.65.

A number of equities research analysts have recently issued reports on SKY shares. SunTrust Banks started coverage on shares of Skyline in a report on Tuesday, September 4th. They issued a “hold” rating and a $30.00 price target on the stock. Jefferies Financial Group started coverage on shares of Skyline in a report on Friday, September 7th. They issued a “buy” rating and a $36.00 price target on the stock. Barclays started coverage on shares of Skyline in a report on Tuesday, October 2nd. They issued an “overweight” rating and a $35.00 price target on the stock. Finally, Royal Bank of Canada started coverage on shares of Skyline in a report on Tuesday, August 28th. They issued an “outperform” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.20.

In other news, major shareholder Mak Capital One Llc sold 3,716,058 shares of the stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $27.93, for a total transaction of $103,789,499.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bain Capital Credit Member, Ll sold 3,777,089 shares of the stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $27.93, for a total value of $105,494,095.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,095,274 shares of company stock valued at $223,091,702.

An institutional investor recently bought a new position in Skyline stock. Bank of New York Mellon Corp purchased a new position in Skyline Co. (NYSEAMERICAN:SKY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,128 shares of the construction company’s stock, valued at approximately $670,000.

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Skyline Company Profile

Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs.

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Earnings History for Skyline (NYSEAMERICAN:SKY)

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