Cavco Industries (CVCO) Set to Announce Earnings on Thursday

Cavco Industries (NASDAQ:CVCO - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $4.70 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Cavco Industries (NASDAQ:CVCO - Get Free Report) last released its earnings results on Thursday, August 1st. The construction company reported $4.11 earnings per share for the quarter, missing analysts' consensus estimates of $4.97 by ($0.86). Cavco Industries had a return on equity of 14.23% and a net margin of 8.12%. The firm had revenue of $477.60 million for the quarter, compared to analysts' expectations of $487.80 million. During the same quarter in the previous year, the company posted $5.29 earnings per share. 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 Stock Up 1.1 %

Cavco Industries stock traded up $4.49 during trading on Thursday, reaching $416.27. The stock had a trading volume of 40,397 shares, compared to its average volume of 64,620. Cavco Industries has a 52-week low of $233.84 and a 52-week high of $452.42. The stock has a market cap of $3.45 billion, a PE ratio of 22.69 and a beta of 1.24. The business has a 50 day moving average price of $417.99 and a 200 day moving average price of $385.11.

Insider Activity

In related news, Director Steven G. Bunger sold 4,000 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $409.20, for a total value of $1,636,800.00. Following the completion of the sale, the director now owns 6,547 shares in the company, valued at $2,679,032.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cavco Industries news, CAO Paul Bigbee sold 88 shares of Cavco Industries stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $401.40, for a total value of $35,323.20. Following the transaction, the chief accounting officer now directly owns 1,081 shares in the company, valued at approximately $433,913.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven G. Bunger sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $409.20, for a total value of $1,636,800.00. Following the sale, the director now owns 6,547 shares of the company's stock, valued at $2,679,032.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,663 shares of company stock valued at $1,882,930. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.