Revenue Update on Cavco Industries(NASDAQ:CVCO)

Cavco Industries(NASDAQ:CVCO) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $185.14M. Analysts estimated a revenue of $185.10M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.60.

Cavco Industries (CVCO) shares turned negative on Wednesdays trading session with the shares closing down -1.22 points or -1.21% at a volume of 67,350. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $101.45. The peak price level was also seen at $101.45 while the days lowest was $99.18. Finally the shares closed at $99.7. The 52-week high of the shares is $106.55 while the 52-week low is $66.22. According to the latest information available, the market cap of the company is $894 M.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, William C Boor (director) sold 2,500 shares at $86.81 per share price.Also, On Apr 18, 2016, Joseph H Stegmayer (Chairman, CEO & President) sold 20,000 shares at $89.92 per share price.On Nov 10, 2015, Charles E Lott (President, Fleetwood Homes) sold 1,516 shares at $95.25 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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