As MHProNews reported Oct. 30, 2015 on our daily stock report, Cavco’s stock spiked +19.15 percent, +15.85 points, to close at $98.60, following the latest quarterly earnings report Sept. 30 that the company’s net income rose to $8.1 million for Q2 2016 from $5.5 million for the comparable quarter 2015.
Revenue increased from $139.3 million in Q2 2015 to $192 million for the quarter ending Q2 2016, a gain of 37.8 percent.
Cavco stock has a 52-week high of $106.55 and a 52-week low of $64.54; the market cap is $824 million, and the P/E ratio is 32.1 percent.
Blogger coverage of the company indicates there is a 100 percent bullish tendency on the stock, as compared to a 67 percent bullish tendency within the conglomerates sector.
From its headquarters in Phoenix, Arizona, Cavco designs and produces manufactured homes as well as modular homes, park models, vacation cabins and commercial structures. ##
(Photo credit: Cavco Industries, Inc.-Wedge Cabin)
