Skyline Champion Corporation Announces Record EPS for Second Quarter of 2020

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Skyline Champion ($NYSE:SKY) Corporation is a leading manufacturer of manufactured homes, modular homes, and park model RVs. The company announced today that its GAAP EPS for the second quarter of 2020 was $2.51, beating the estimate of $0.67 by a margin of $1.84. This is a record EPS for the company and reflects the strong performance of its core businesses during the quarter. Skyline Champion’s manufactured homes business continued to perform well, driven by strong demand from first-time homebuyers and retirees.

The company’s modular homes business also had a strong quarter, driven by robust demand from the construction and multifamily sectors. Park model RV sales were also strong, driven by robust demand from the camping and RVing sectors. Skyline Champion’s strong second quarter results reflect the company’s diversified business model and its ability to capitalize on favorable market conditions.

Market Price

Skyline Champion Corporation announced record EPS for the second quarter of 2020. So far, news coverage has been mostly positive. On Tuesday, SKYLINE CHAMPION stock opened at $59.5 and closed at $56.7, down by 2.7% from last closing price of 58.2. Despite the slight dip, analysts are bullish on the company’s long-term prospects.

VI Analysis

According to the data provided by VI app, SKYLINE CHAMPION is a medium risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential and the app has detected 1 risk warnings in the balance sheet.

VI Peers

Skyline Champion Corp is one of the leading homebuilders in the United States. The company’s main competitors are Meritage Homes Corp, Tri Pointe Homes Inc, and KB Home.

– Meritage Homes Corp ($NYSE:MTH)

Meritage Homes Corp is a homebuilder in the United States. As of 2022, the company has a market capitalization of 3.06 billion dollars and a return on equity of 23.05%. The company builds homes for a variety of different price points and markets, and has a focus on sustainability and energy efficiency.

– Tri Pointe Homes Inc ($NYSE:TPH)

Tri Pointe Homes Inc is a homebuilding company that focuses on the development of single-family homes. The company operates in various states in the United States, including Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Maryland, Nevada, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Texas, and Virginia. As of 2022, the company has a market cap of 1.86B and a ROE of 16.87%.

– KB Home ($NYSE:KBH)

KB Home is a homebuilding company headquartered in Los Angeles, California. It is one of the largest homebuilders in the United States. The company builds and sells single-family detached and attached homes, townhomes, and condominiums in the United States. It operates in four segments: West Coast, Central, Southeast, and South Central. The company was founded in 1957 and is headquartered in Los Angeles, California.

Summary

Skyline Champion Corporation is a publicly traded company that manufactures and sells modular and manufactured homes. The company’s stock has consistently outperformed the market, and its products are in high demand. Skyline Champion Corporation is a safe and stable investment, and is a great way to diversify one’s portfolio.