Cavco Industries Inc (CVCO) released its fourth quarter results on Thursday, May 27, 2021. The company reported net earnings of $2.71 per share for the fourth quarter ending March 31, 2021. Earnings for this past quarter were up 110 percent compared to the same period a year ago.
Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona. Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services.
Cavco Industries' revenue increased 4 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 23.64% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 8.78% over the same period. Net earnings for past trailing twelve months were $76.65 million, up 2% from the prior year.
Moving on to the balance sheet, Cavco Industries' cash levels jumped 33% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 8.35% this past year. The current ratio for Cavco Industries now stands at 2.75. The company increased shares outstanding by 0.67%.
Shares of CVCO are currently trading around $219.20. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 26.58 and price to book ratio of 2.99.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, May 28, 2021.