Cavco Industries (CVCO) to Release 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 $480.31 million for the quarter. Individual that are interested in registering for the company’s earnings 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 EPS for the quarter, beating the consensus estimate of $4.70 by $0.58. Cavco Industries had a net margin of 8.00% and a return on equity of 14.38%. The firm had revenue of $507.46 million for the quarter, compared to the consensus estimate of $480.10 million. During the same period in the previous year, the company earned $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 Stock Performance

Shares of CVCO opened at $471.76 on Wednesday. The firm’s 50-day simple moving average is $474.28 and its 200 day simple moving average is $437.15. The firm has a market cap of $3.83 billion, a P/E ratio of 26.67 and a beta of 1.33. Cavco Industries has a 52 week low of $324.77 and a 52 week high of $544.08.

Insiders Place Their Bets

In other Cavco Industries news, Director Susan L. Blount sold 750 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $471.70, for a total value 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 trade represents a 20.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julia Sze sold 125 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $458.68, for a total value of $57,335.00. Following the transaction, the director now owns 2,861 shares of the company’s stock, valued at $1,312,283.48. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,850 shares of company stock valued at $889,417 in the last three months. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.