Cavco Industries (CVCO) Set to Release Quarterly Earnings on Thursday

Cavco Industries (NASDAQ:CVCOGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 26th. Analysts expect Cavco Industries to post earnings of $4.91 per share for the quarter.

CVCO traded down $0.81 during trading on Friday, reaching $225.26. The company’s stock had a trading volume of 5 shares, compared to its average volume of 46,554. Cavco Industries has a 52-week low of $205.00 and a 52-week high of $327.24. The company’s fifty day moving average price is $246.25 and its 200-day moving average price is $273.95. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 12.34 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.84 and a current ratio of 2.58.

Several brokerages have recently commented on CVCO. Wedbush boosted their price target on Cavco Industries from $255.00 to $315.00 and gave the stock a “neutral” rating in a research note on Monday, February 7th. Craig Hallum decreased their price target on Cavco Industries from $426.00 to $340.00 in a research note on Monday, April 18th. StockNews.com raised Cavco Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research lowered Cavco Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 11th.

Institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its holdings in Cavco Industries by 25.2% in the 1st quarter. US Bancorp DE now owns 388 shares of the construction company’s stock valued at $94,000 after acquiring an additional 78 shares during the last quarter. Guggenheim Capital LLC acquired a new position in Cavco Industries in the 4th quarter valued at $201,000. Zebra Capital Management LLC acquired a new position in Cavco Industries in the 1st quarter valued at $209,000. Graham Capital Management L.P. acquired a new position in Cavco Industries in the 1st quarter valued at $239,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in Cavco Industries in the 4th quarter valued at $243,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.

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.

Further Reading

Earnings History for Cavco Industries (NASDAQ:CVCO)

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