Skyline (NYSEAMERICAN:SKY) posted its earnings results on Wednesday. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.09), Bloomberg Earnings reports. The business had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $310.88 million. During the same quarter in the prior year, the company posted $0.26 EPS. Skyline’s quarterly revenue was down 8.2% on a year-over-year basis.
Skyline stock opened at $24.35 on Friday. Skyline has a twelve month low of $10.82 and a twelve month high of $37.03.
A number of research firms recently issued reports on SKY. Craig Hallum decreased their price objective on Skyline from $38.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group upped their price target on Skyline from $14.00 to $23.00 and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research downgraded shares of Skyline from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Royal Bank of Canada boosted their price objective on shares of Skyline from $16.00 to $19.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Barclays upped their target price on shares of Skyline from $18.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $27.00.
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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