Cavco Industries (CVCO) Expected to Announce Earnings on Thursday

Cavco Industries (NASDAQ:CVCO) is expected to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Cavco Industries to post earnings of $4.89 per share and revenue of $478,670.00 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cavco Industries (NASDAQ:CVCO) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. The company had revenue of $507.46 million during the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. During the same quarter in the prior year, the firm earned $4.76 EPS. On average, analysts expect Cavco Industries to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Cavco Industries Stock Down 1.2 %

Shares of Cavco Industries stock opened at $474.81 on Thursday. Cavco Industries has a 12-month low of $313.47 and a 12-month high of $544.08. The firm has a market capitalization of $3.85 billion, a PE ratio of 26.84 and a beta of 1.33. The stock’s fifty day moving average is $473.62 and its 200-day moving average is $432.98.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wedbush lowered shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective for the company. in a research note on Tuesday, December 3rd. Craig Hallum lifted their price target on Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, StockNews.com lowered Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Insiders Place Their Bets

In other Cavco Industries news, Director Julia Sze sold 125 shares of Cavco Industries stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $503.31, for a total value of $62,913.75. Following the completion of the sale, the director now directly owns 2,736 shares in the company, valued at $1,377,056.16. The trade was a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Blount sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total transaction of $353,775.00. Following the completion of the sale, the director now directly owns 2,836 shares of the company’s stock, valued at $1,337,741.20. This represents a 20.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,850 shares of company stock worth $889,417 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Cavco Industries Company Profile

Cavco Industries, Inc designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands.