Skyline Champion Corporation (SKY) produces and sells factory-built housing in North America.
The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors.
It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.
The company also provides construction services to install and set-up factory-built homes; operates Titan Factory Direct, a factory-direct manufactured home retail business with 18 sales centers in the southern United States; and engages in the transportation of manufactured homes and recreational vehicles.
On May 12th, Skyline (SKY) reported Quarter March 2022 earnings of $1.51 per share on revenue of $638.1 million. The consensus earnings estimate was $0.99 per share on revenue of $565.0 million. Revenue grew 42.5% on a year-over-year basis. The company reports on August 2nd. Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $56.50
Trading Range: $43.04 - $85.92
Stop Loss: $52.00
Target Price: $62.00