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

Cavco Industries (NASDAQ:CVCO) will likely 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 $480.31 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.58. Cavco Industries had a return on equity of 14.38% and a net margin of 8.00%. The firm had revenue of $507.46 million during the quarter, compared to analyst estimates of $480.10 million. During the same quarter in the prior year, the firm posted $4.76 earnings per share. 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 0.3 %

CVCO stock opened at $471.76 on Wednesday. The firm’s 50-day moving average price is $474.28 and its two-hundred day moving average price is $437.15. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 26.67 and a beta of 1.33. Cavco Industries has a 12-month low of $324.77 and a 12-month high of $544.08.

Wall Street Analyst Weigh In

CVCO has been the topic of a number of recent analyst reports. Craig Hallum lifted their price objective on Cavco Industries from $422.00 to $495.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. StockNews.com lowered Cavco Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Finally, Wedbush downgraded Cavco Industries from an “outperform” rating to a “neutral” rating and set a $480.00 price objective for the company. in a report on Tuesday, December 3rd.

Insider Buying and Selling at Cavco Industries

In other news, Director Susan L. Blount sold 750 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $485.56, for a total transaction of $364,170.00. Following the transaction, the director now directly owns 2,086 shares of the company’s stock, valued at $1,012,878.16. This represents a 26.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julia Sze sold 125 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $458.68, for a total value of $57,335.00. Following the sale, the director now owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,850 shares of company stock worth $889,417. 1.60% of the stock is 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.