Profile
Sector:
Consumer CyclicalIndustry:
Residential ConstructionCountry:
United StatesIPO:
01 July 2003Website:
http://www.cavco.comNext earnings report:
31 January 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 30 min agoDividend
Analysts recommendations
Institutional Ownership
CVCO Latest News
Cavco (CVCO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Cavco (CVCO) came out with quarterly earnings of $5.28 per share, beating the Zacks Consensus Estimate of $4.70 per share. This compares to earnings of $4.76 per share a year ago.
PHOENIX, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the second fiscal quarter ended September 28, 2024. Quarterly Highlights Net revenue was $507 million , up $55 million or 12.3% compared to $452 million in the second quarter of the prior year, primarily on home sales volume growth.
Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices. Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent governance practices.
After dropping to their lowest level in two years following the Federal Reserve's September rate cut announcement, 30-year fixed-rate mortgages have climbed higher once again. Nonetheless, the environment is looking more favorable for homebuilding companies, as buyers are incentivized to make offers, and companies are better able to access loans to fund development projects and growth.
AI is widely assumed to be big, but AH (Affordable Housing) is a more critical need and is becoming a vital growth investment theme in its own right. That's why shares of Cavco, in particular, and homebuilders, in general, have been performing better than interest rate trends alone might lead one to expect. Investors are looking beyond today's soft company earnings toward gains many expect as society tackles affordability obstacles.
Improving Factory-built housing Results; High Claims in Insurance Operation Improving Factory-built housing Results; High Claims in Insurance Operation
There are many strong short-term tailwinds Cavco benefits from, including the residential market dynamics and consumers trading down. As the affordable alternative to traditional homebuilders, demand should pick up from struggling consumers. Declining rates will be a huge catalyst for this. Despite Q4 earnings missing expectations, the underlying business is strong, with orders improving sequentially for the sixth straight quarter.
PHOENIX, July 26, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended June 29, 2024 on Thursday, August 1, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, August 2, 2024 at 1:00 p.m. Eastern Time.
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.
- 1(current)
- 2
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 was Cavco Industries the previous earnings report?
No data
When does Cavco Industries earnings report?
The next expected earnings date for Cavco Industries is 31 January 2025