Cavco Industries (CVCO) Releases Earnings Results, Reports EPS of $0.60 EPS

Cavco Industries (CVCO) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.60 EPS for the quarter. Analysts had a consensus estimate of $0.60. The company posted revenue of $185.10 million in the period, compared to analysts expectations of $181.40 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Cavco Industries opened for trading at $98.3901 and hit $99.035 on the upside on Monday, eventually ending the session at $97.92, with a gain of 0.64% or 0.62 points. The heightened volatility saw the trading volume jump to 53,708 shares. Company has a market cap of $875 M.

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.

Cavco Industries

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