Cavco Industries (NASDAQ:CVCO – Get Rating) released its quarterly earnings results on Thursday. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.99, MarketWatch Earnings reports. Cavco Industries had a return on equity of 19.08% and a net margin of 11.85%. During the same quarter last year, the firm posted $2.71 EPS.
Shares of NASDAQ:CVCO traded up $2.60 during midday trading on Friday, hitting $219.20. The company had a trading volume of 72,778 shares, compared to its average volume of 58,161. Cavco Industries has a 12 month low of $195.70 and a 12 month high of $327.24. The company has a current ratio of 2.58, a quick ratio of 1.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 12.00 and a beta of 0.98. The firm has a fifty day simple moving average of $238.46 and a 200 day simple moving average of $271.74.
A number of research firms recently commented on CVCO. Zacks Investment Research lowered Cavco Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 11th. Wedbush increased their price objective on Cavco Industries from $255.00 to $315.00 and gave the company a “neutral” rating in a research report on Monday, February 7th. Craig Hallum decreased their price objective on Cavco Industries from $426.00 to $340.00 in a research report on Monday, April 18th. Finally, StockNews.com upgraded Cavco Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 12th.
Cavco Industries Company Profile (Get Rating)
Cavco Industries, Inc designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny brands.
- Get a free copy of the StockNews.com research report on Cavco Industries (CVCO)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
Receive News & Ratings for Cavco Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavco Industries and related companies with MarketBeat.com's FREE daily email newsletter.