Cavco Industries (CVCO) Expected to Announce Quarterly 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 that are 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 the consensus estimate of $4.70 by $0.58. The company had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. During the same period in the prior year, the firm 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 Stock Performance

Shares of Cavco Industries stock opened at $473.05 on Tuesday. The company has a 50-day simple moving average of $474.13 and a two-hundred day simple moving average of $435.69. The stock has a market capitalization of $3.84 billion, a PE ratio of 26.74 and a beta of 1.33. Cavco Industries has a 52-week low of $324.77 and a 52-week high of $544.08.

Insider Activity

In other Cavco Industries news, Director Julia Sze sold 125 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $458.68, for a total transaction of $57,335.00. Following the completion of the sale, the director now owns 2,861 shares of the company’s stock, valued at approximately $1,312,283.48. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was 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 directly owns 2,086 shares in the company, valued at $1,012,878.16. This trade represents a 26.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,850 shares of company stock valued at $889,417 in the last quarter. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Craig Hallum upped their target price on shares of Cavco Industries from $422.00 to $495.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Wedbush cut 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, StockNews.com lowered shares of Cavco Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

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.