Profile
Sector:
Consumer CyclicalIndustry:
Residential ConstructionCountry:
United StatesIPO:
01 July 2003Website:
http://www.cavco.comNext earnings report:
02 August 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | Wed, 03 Jul 2024 13:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
CVCO Latest News
Cavco (CVCO) came out with quarterly earnings of $4.03 per share, missing the Zacks Consensus Estimate of $5.13 per share. This compares to earnings of $5.39 per share a year ago.
PHOENIX, May 23, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended March 30, 2024. Quarterly Highlights Net revenue and Net income of $420 million and $34 million , respectively.
Cavco (CVCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Cavco (CVCO) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Cavco (CVCO) came out with quarterly earnings of $4.27 per share, missing the Zacks Consensus Estimate of $4.36 per share. This compares to earnings of $6.66 per share a year ago.
What does falling mortgage rates mean for home builder stocks? Jay McCanless, Housing Analyst at Wedbush Securities, joins Yahoo Finance to discuss why he is less bullish on home builders and to shed light on one under-the-radar stock: Cavco Industries (CVCO).
PHOENIX, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the third quarter ended December 30, 2023 on Thursday, February 1, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, February 2, 2024 at 1:00 p.m. Eastern Time.
Most economists were wrong about 2023, and there are now mixed opinions about how 2024 is going to be. Cavco Industries, a manufactured home builder, is impacted drastically by this uncertainty but is expected to benefit from strong long-term trends. Resilient U.S. market and ongoing trends such as low house affordability make Cavco Industries a promising investment opportunity.
The consolidation trend in the manufactured housing industry persists, with the top three companies exceeding a 75% market share. Despite the short-term headwinds, Cavco will benefit from the U.S. demographic structure and the housing shortage. From a conservative approach compared to the analyst consensus, I consider Cavco to be undervalued, assigning a fair price of $382 with a 35% upside potential.
Cavco Industries, Inc. (NASDAQ:CVCO ) Q2 2024 Earnings Conference Call November 3, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison Aden - Executive Vice President and CFO Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Michael Chapman - Aviance Capital Partners Operator Good day. And welcome to the Cavco Industries Second Quarter Fiscal Year 2024 Earnings Conference Call.
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What type of business is Cavco Industries?
Cavco Industries, Inc. is engaged in the design and manufacture of industrial, or modular homes under the brands Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle, and Destiny. Cavco Industries' portfolio includes park model RVs (campers), which are less than 400 square feet in size and are mainly used as vacation homes and seasonal residences. The company also produces a wide range of modular homes under the Nationwide Homes brand, including single and multi-section ranches, two-story homes, and Cape Cod-style homes. Cavco Industries, Inc. was formed in 2003 as the successor to previous Cavco enterprises, which have been operating since 1965. The company's headquarters is located in Phoenix, Arizona.
What sector is Cavco Industries in?
Cavco Industries is in the Consumer Cyclical sector
What industry is Cavco Industries in?
Cavco Industries is in the Residential Construction industry
What country is Cavco Industries from?
Cavco Industries is headquartered in United States
When did Cavco Industries go public?
Cavco Industries initial public offering (IPO) was on 01 July 2003
What is Cavco Industries website?
https://www.cavco.com
Is Cavco Industries in the S&P 500?
No, Cavco Industries is not included in the S&P 500 index
Is Cavco Industries in the NASDAQ 100?
No, Cavco Industries is not included in the NASDAQ 100 index
Is Cavco Industries in the Dow Jones?
No, Cavco Industries is not included in the Dow Jones index
When does Cavco Industries report earnings?
The next expected earnings date for Cavco Industries is 02 August 2024