Cavco Industries (CVCO) to Release Earnings on Thursday

Cavco Industries (NASDAQ:CVCO) is scheduled to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $4.70 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Cavco Industries (NASDAQ:CVCO) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.97 by ($0.86). The company had revenue of $477.60 million during the quarter, compared to analysts’ expectations of $487.80 million. Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. During the same quarter in the prior year, the business posted $5.29 EPS. On average, analysts expect Cavco Industries to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Cavco Industries Price Performance

NASDAQ:CVCO opened at $413.66 on Wednesday. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 22.54 and a beta of 1.24. The business has a 50 day simple moving average of $419.60 and a 200-day simple moving average of $385.91. Cavco Industries has a 1 year low of $233.84 and a 1 year high of $452.42.

Insider Activity at Cavco Industries

In other Cavco Industries news, CAO Paul Bigbee sold 88 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the completion of the sale, the chief accounting officer now owns 1,081 shares in the company, valued at $433,913.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Paul Bigbee sold 88 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total transaction of $35,323.20. Following the sale, the chief accounting officer now owns 1,081 shares in the company, valued at approximately $433,913.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steven K. Like sold 575 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $366.62, for a total value of $210,806.50. Following the completion of the transaction, the senior vice president now directly owns 1,255 shares in the company, valued at approximately $460,108.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,663 shares of company stock valued at $1,882,930 over the last ninety days. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Craig Hallum lifted their price target on shares of Cavco Industries from $382.00 to $422.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Wedbush upped their target price on Cavco Industries from $425.00 to $455.00 and gave the stock an “outperform” rating in a report on Friday, October 11th.

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.