Skyline (NYSEAMERICAN:SKY) posted its quarterly earnings data on Wednesday. The construction company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.09), Bloomberg Earnings reports. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $310.88 million. During the same period in the previous year, the business posted $0.26 EPS. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year.
NYSEAMERICAN SKY opened at $24.35 on Friday. Skyline has a 52-week low of $10.82 and a 52-week high of $37.03.
Several brokerages recently issued reports on SKY. Zacks Investment Research lowered shares of Skyline from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Royal Bank of Canada lowered shares of Skyline from an “outperform” rating to a “sector perform” rating in a research note on Sunday, April 19th. Barclays raised their price objective on shares of Skyline from $18.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group lowered shares of Skyline from a “buy” rating to a “hold” rating and dropped their price objective for the company from $37.00 to $33.00 in a research note on Thursday, January 30th. Finally, SunTrust Banks raised shares of Skyline from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.17.
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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