Cavco Industries Earnings Scorecard & Analyst Reports Stock market Insights & financial analysis

Earnings results for Cavco Industries (NASDAQ:CVCO)

Cavco Industries, Inc. is expected* to report earnings on 01/28/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.78. The reported EPS for the same quarter last year was $2.25.

Cavco Industries last posted its quarterly earnings results on October 29th, 2020. The construction company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.19 by $0.43. The business earned $257.98 million during the quarter, compared to the consensus estimate of $228.50 million. Cavco Industries has generated $8.10 earnings per share over the last year and currently has a price-to-earnings ratio of 26.2. Cavco Industries has confirmed that its next quarterly earnings report will be published on Thursday, January 28th, 2021.

Analyst Opinion on Cavco Industries (NASDAQ:CVCO)

2 Wall Street analysts have issued ratings and price targets for Cavco Industries in the last 12 months. Their average twelve-month price target is $214.50, predicting that the stock has a possible upside of 17.82%. The high price target for CVCO is $234.00 and the low price target for CVCO is $195.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Cavco Industries has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $214.50, Cavco Industries has a forecasted upside of 17.8% from its current price of $182.05. Cavco Industries has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Cavco Industries (NASDAQ:CVCO)

Cavco Industries does not currently pay a dividend. Cavco Industries does not have a long track record of dividend growth.

Insiders buying/selling: Cavco Industries (NASDAQ:CVCO)

In the past three months, Cavco Industries insiders have not sold or bought any company stock. Only 1.61% of the stock of Cavco Industries is held by insiders. 90.05% of the stock of Cavco Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cavco Industries (NASDAQ:CVCO

Earnings for Cavco Industries are expected to grow by 14.14% in the coming year, from $7.07 to $8.07 per share. The P/E ratio of Cavco Industries is 26.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.71. The P/E ratio of Cavco Industries is 26.16, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 29.60. Cavco Industries has a P/B Ratio of 2.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

More latest stories: here

Next Post

UK-Based Company, Co-operatives UK, Leaves Sage Financials, Gains Increased Reporting Efficiency with Accounting Seed

Press release content from PR Newswire. The AP news staff was not involved in its creation. Click to copy COLUMBIA, Md., Jan. 26, 2021 /PRNewswire/ — Co-operatives UK, a 150-year old trade association, increases efficiency after moving from Sage Financials to Accounting Seed. The UK society has seen a […]

You May Like