Cavco Industries (CVCO) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.76. The company posted revenue of $177.29 million in the period, compared to analysts expectations of $171.00 million. The company’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Cavco Industries closed down -0.85 points or -0.89% at $94.9 with 64,855 shares getting traded on Wednesday. Post opening the session at $95.4002, the shares hit an intraday low of $94.64 and an intraday high of $95.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 6, 2016, William C Boor (director) sold 2,500 shares at $86.81 per share price. According to the SEC, on Apr 18, 2016, Joseph H Stegmayer (Chairman, CEO & President) sold 20,000 shares at $89.92 per share price. On Nov 10, 2015, Charles E Lott (President, Fleetwood Homes) sold 1,516 shares at $95.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Cavco Industries Inc. (Cavco) is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers planned community operators and residential developers. The Company is a builder of park model homes vacation cabins and systems-built commercial structures as well as modular homes. The Company operates principally in two segments: factory-built housing which includes wholesale and retail systems-built housing operations and financial services which include manufactured housing consumer finance and insurance. The Company distributed its homes through approximately 47 Company-owned retail outlets and a network of independent distribution points in 44 states Canada Mexico and Japan.