Calavo Growers (NASDAQ:CVGW - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04, Zacks reports. The firm had revenue of $154.39 million for the quarter, compared to analyst estimates of $161.55 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%.
Calavo Growers Trading Up 2.6 %
NASDAQ CVGW traded up $0.57 on Friday, reaching $22.04. The stock had a trading volume of 46,308 shares, compared to its average volume of 194,070. The firm has a market capitalization of $392.22 million, a price-to-earnings ratio of -366.83 and a beta of 0.57. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. Calavo Growers has a 12-month low of $20.30 and a 12-month high of $30.58. The stock has a fifty day moving average price of $23.48 and a two-hundred day moving average price of $25.74.
Calavo Growers Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Tuesday, April 1st. Calavo Growers's payout ratio is -1,333.33%.
Analyst Ratings Changes
Several research firms have recently commented on CVGW. StockNews.com raised shares of Calavo Growers from a "hold" rating to a "buy" rating in a research report on Thursday. Lake Street Capital cut their target price on Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.
Read Our Latest Report on Calavo Growers
About Calavo Growers
(
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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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