Calavo Growers (NASDAQ:CVGW - Get Free Report) issued its earnings results on Tuesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25), Briefing.com reports. The firm 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 1.21% and a positive return on equity of 6.35%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.33) EPS.
Calavo Growers Trading Up 2.5 %
Calavo Growers stock traded up $0.59 during trading hours on Tuesday, reaching $24.16. 249,720 shares of the company's stock traded hands, compared to its average volume of 202,063. The firm has a market capitalization of $430.05 million, a price-to-earnings ratio of -48.32 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04. Calavo Growers has a fifty-two week low of $20.30 and a fifty-two week high of $31.26. The firm's 50 day moving average is $26.40 and its 200-day moving average is $25.66.
Calavo Growers Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, January 10th. Calavo Growers's dividend payout ratio is -160.00%.
Calavo Growers Company Profile
(
Get Free Report)
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.
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