Cavco to Release Quarterly Financials Jan. 27

cavco-lapsiding-manufactured-homeCavco Industries, Inc. (NASDAQ:CVCO) is set to announce its earnings results for the most recent quarter on Wed., Jan. 27, 2016, with analysts expecting the company to announce $0.80 earnings per share (EPS), according to emqtv. The company last released its quarterly financials on Thurs., Oct. 29, 2015 reporting EPS of $0.89 for the quarter, beating the Zacks consensus by $0.14 EPS.

The revenue for that quarter was 37.8 percent higher than the comparable quarter of a year earlier, and beat analysts estimates by 12 percent, which in turn caused the stock to spike.

Analysts expect Cavco to report EPS of $3.05 the current fiscal year and $4.00 for the next FY.

MHProNews understands Cavco is one of the largest producers of manufactured homes in the United States, and also manufactures park model homes, vacation cabins, modular homes and systems-built commercial structures. The company offers financing and insurance to purchasers of homes. ##

(Image credit: Cavco Industries, Inc.–lapsided home)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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