Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor.
The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year.
A 17.0% increase in sales volume was credited for the drive as Cavco sold 3,395 homes this quarter alone.
Gross Margin for the company stood at 19.80% with a return on assets of 5.20%. With a quarterly performance of 7.19%, price to sale ratio and price to book ratio are 1.21 and 2.52 respectively.
The current Daily Business News market report confirms the findings outlining a $101.03 close with 44,417 shares traded.
Cavco is currently moving at 52.57% ahead of its 52-week low. ##
(Image credits, hotstockprofits for bull and Cavco’s corporate logo – collage and text by MHProNews.)
Article submitted by Frank Griffin, to Daily Business News for MHProNews.