Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cavco Industries (CVCO) Stock Price
Press coverage about Cavco Industries (NASDAQ:CVCO) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cavco Industries earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 46.6452364009338 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks: Cavco Industries, Inc. (CVCO) Receives Average Rating of “Strong Buy” from Analysts (americanbankingnews.com)
- Cavco Industries, Inc. – Value Analysis (NASDAQ:CVCO) : November 14, 2017 (finance.yahoo.com)
- Cavco Industries, Inc. breached its 50 day moving average in a Bearish Manner : CVCO-US : November 13, 2017 (finance.yahoo.com)
- ETFs with exposure to Cavco Industries, Inc. : November 10, 2017 (finance.yahoo.com)
CVCO has been the subject of several research analyst reports. BidaskClub lowered Cavco Industries from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Sidoti upgraded Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th.
Cavco Industries (NASDAQ CVCO) opened at $146.85 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.25 and a quick ratio of 1.66. Cavco Industries has a 12-month low of $88.65 and a 12-month high of $157.80. The stock has a market capitalization of $1,305.39, a P/E ratio of 32.21 and a beta of 1.62.
Cavco Industries (NASDAQ:CVCO) last issued its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.13). Cavco Industries had a net margin of 5.09% and a return on equity of 10.30%. The business had revenue of $200.50 million during the quarter, compared to analyst estimates of $190.87 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Cavco Industries’s revenue for the quarter was up 6.5% compared to the same quarter last year.
In related news, Director David A. Greenblatt sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $136.68, for a total value of $410,040.00. Following the completion of the transaction, the director now directly owns 10,175 shares in the company, valued at approximately $1,390,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.44% of the stock is currently owned by insiders.
About Cavco Industries
Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.
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