Cavco Industries (CVCO) Expected to Announce Quarterly Earnings on Thursday

Cavco Industries (NASDAQ:CVCO) is expected to be posting its quarterly earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.58. The company had revenue of $507.46 million for the quarter, compared to analyst estimates 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 company posted $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 Trading Down 1.2 %

Cavco Industries stock opened at $474.81 on Thursday. The stock has a fifty day moving average price of $473.62 and a 200 day moving average price of $432.98. Cavco Industries has a 52 week low of $313.47 and a 52 week high of $544.08. The firm has a market capitalization of $3.85 billion, a P/E ratio of 26.84 and a beta of 1.33.

Insider Buying and Selling

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $485.56, for a total value of $364,170.00. Following the completion of the transaction, the director now owns 2,086 shares in the company, valued at approximately $1,012,878.16. This represents a 26.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Paul Bigbee sold 100 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $512.23, for a total value of $51,223.00. Following the transaction, the chief accounting officer now owns 981 shares of the company’s stock, valued at approximately $502,497.63. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,850 shares of company stock worth $889,417 over the last quarter. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CVCO has been the topic of several research reports. StockNews.com lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Wedbush lowered shares of Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 target price on the stock. in a report on Tuesday, December 3rd. Finally, Craig Hallum increased 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.

About Cavco Industries

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.