Revenue Update on Cavco Industries(NASDAQ:CVCO)

Cavco Industries(NASDAQ:CVCO) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $202.310M. Analysts estimated a revenue of $186.950M. The revenues were 8.22% above the estimates. Earnings per share were $1.35. The reported EPS was above estimates by 39.18%. Analysts had estimated an EPS of $0.97.

Cavco Industries (CVCO) made into the market gainers list on Tuesdays trading session with the shares advancing 10.69% or 10.4 points. Due to strong positive momentum, the stock ended at $107.65, which is also near the day’s high of $107.75. The stock began the session at $106 and the volume stood at 57,470 shares. The 52-week high of the shares is $110.67 and the 52 week low is $70.28. The company has a current market capitalization of $968 M and it has 89,92,468 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Jack Hanna (director) sold 500 shares at $86.54 per share price.Also, On Aug 17, 2016, Steven G Bunger (director) sold 11,000 shares at $101.20 per share price.On May 6, 2016, William C Boor (director) sold 2,500 shares at $86.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Cavco Industries Inc. (Cavco) is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers planned community operators and residential developers. The Company is a builder of park model homes vacation cabins and systems-built commercial structures as well as modular homes. The Company operates principally in two segments: factory-built housing which includes wholesale and retail systems-built housing operations and financial services which include manufactured housing consumer finance and insurance. The Company distributed its homes through approximately 47 Company-owned retail outlets and a network of independent distribution points in 44 states Canada Mexico and Japan.

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