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.
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