Skyline (NYSEAMERICAN:SKY) Posts Earnings Results, Beats Expectations By $0.16 EPS
Skyline (NYSEAMERICAN:SKY) posted its quarterly earnings data on Wednesday. The construction company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.16, Briefing.com reports. The firm had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $254.00 million. The company’s revenue for the quarter was down 26.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS.
Skyline stock traded up $1.82 during mid-day trading on Thursday, reaching $28.23. The company’s stock had a trading volume of 35,947 shares, compared to its average volume of 605,127. Skyline has a twelve month low of $10.82 and a twelve month high of $37.03.
A number of analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Skyline from $14.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, May 22nd. SunTrust Banks lifted their price objective on shares of Skyline from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price target on shares of Skyline from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Friday, May 22nd. Craig Hallum decreased their price target on shares of Skyline from $38.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Barclays raised their price target on shares of Skyline from $18.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.33.
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.
Further Reading: How a Back-End Load Mutual Fund Works
Receive News & Ratings for Skyline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline and related companies with MarketBeat.com's FREE daily email newsletter.