Skyline (NYSEAMERICAN:SKY) will be releasing its earnings data after the market closes on Tuesday, May 21st. Analysts expect Skyline to post earnings of $0.21 per share for the quarter.
Shares of SKY opened at $20.63 on Tuesday. Skyline has a 52 week low of $12.72 and a 52 week high of $35.65.
A number of brokerages have recently commented on SKY. SunTrust Banks raised Skyline from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, January 31st. Zacks Investment Research cut Skyline from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th. Finally, Craig Hallum reissued a “buy” rating and issued a $30.00 price target (down from $37.00) on shares of Skyline in a research report on Thursday, February 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.57.
In related news, SVP Roger K. Scholten sold 4,394 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $22.05, for a total value of $96,887.70. Following the completion of the transaction, the senior vice president now directly owns 197,388 shares in the company, valued at approximately $4,352,405.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mak Capital One Llc sold 1,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.21, for a total transaction of $30,315,000.00. The disclosure for this sale can be found here.
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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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