Cavco Industries, Inc. (NASDAQ:CVCO) announced financial results for the fourth quarter and fiscal year ended April 1, 2017. Net revenue for the fourth quarter of fiscal year 2017 totaled $198.0 million, up 11.7% from $177.3 million for the fourth quarter of fiscal year 2016. Net revenue for fiscal year 2017 was $773.8 million, 8.6% higher than $712.4 million for the prior fiscal year. Income before income taxes was $16.5 million for the fourth quarter of fiscal 2017, a 51.4% increase over $10.9 million reported in last year’s fourth fiscal quarter. For the fiscal year ended April 1, 2017, income before income taxes increased 25.7% to $55.3 million as compared to the prior fiscal year’s income before income taxes of $44.0 million. Net income was $10.9 million for the fourth quarter of fiscal year 2017, compared to $7.0 million reported in the same quarter of the prior year, a 55.7% increase. For the fiscal year ended April 1, 2017, net income was $38.0 million, up 33.3% from net income of $28.5 million for the year ended April 2, 2016. Net income per share for the fourth quarter of fiscal 2017, based on basic and diluted weighted average shares outstanding, was $1.21 and $1.19, respectively, versus $0.78 and $0.77, respectively for the quarter ended April 2, 2016. Net income per share for the year ended April 1, 2017, based on basic and diluted weighted average shares outstanding, was $4.23 and $4.17, respectively, versus basic and diluted net income per share of $3.21 and $3.15, respectively, for the prior year.
On Monday Cavco Industries, Inc. (NASDAQ:CVCO) share price closed at $118.05. Company net profit margin stands at 4.50% whereas its return on equity (ROE) is 9.30%. Cavco Industries, Inc. (NASDAQ:CVCO) is -3.00% away from its 52 week high and its 52 week range is $85.56 – $121.70.
Twin Disc, Incorporated (NASDAQ:TWIN) traded 34171 shares and its share price fell -8.81% to close at $16.56. Company has 0.70% insider ownership. Twin Disc, Incorporated (NASDAQ:TWIN) quarterly performance is -7.69% while its year to date (YTD) performance is 13.42%.
On Monday shares of Baytex Energy Corp. (NYSE:BTE) ended up at $2.79. This year Company’s Earnings per Share (EPS) growth is 60.40% and next year’s EPS growth is 0.00%. Beta of Baytex Energy Corp. (NYSE:BTE) is 3.26 while company weekly performance is -0.71%.
AT&T Inc. (NYSE:T) has been awarded a patent for a kind of home subscriber server backed by blockchain tech. A home subscriber server performs authentication and media delivery functions for subscription holders. AT&T’s patent, as reported last year by CoinDesk, was aimed at improving the resiliency of these systems by creating a distributed network of nodes that share information. AT&T first filed its patent application in April 2015. According to records from the US Patent and Trademark Office (USPTO), the patent was awarded on 30th May.
AT&T Inc. (NYSE:T) moved up 0.72% to close at $39.07 on 12 June. Its return on assets (ROA) is 3.10% while return on investment (ROI) is 7.20%. AT&T Inc. (NYSE:T) price to sales (P/S) ratio is 1.49.