Calavo Growers (CVGW) to Release Quarterly Earnings on Wednesday

Calavo Growers (NASDAQ:CVGW - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $161.55 million for the quarter.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.25). The business had revenue of $169.96 million during the quarter, compared to analyst estimates of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The firm's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) EPS. On average, analysts expect Calavo Growers to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Calavo Growers Price Performance

Shares of CVGW stock traded up $0.94 during trading hours on Friday, reaching $23.60. The company had a trading volume of 133,049 shares, compared to its average volume of 193,376. Calavo Growers has a 12-month low of $20.30 and a 12-month high of $31.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17. The company has a market capitalization of $420.95 million, a price-to-earnings ratio of -393.33 and a beta of 0.57. The stock has a fifty day moving average of $23.70 and a 200-day moving average of $25.78.

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Calavo Growers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.39%. The ex-dividend date was Friday, January 10th. Calavo Growers's payout ratio is currently -1,333.33%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lowered their price target on shares of Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.