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Calavo Growers (CVGW) Stock Price, News & Analysis

Calavo Growers logo
$27.57
+0.54 (+2.00%)
(As of 12:32 PM ET)

About Calavo Growers Stock (NASDAQ:CVGW)

Key Stats

Today's Range
$26.89
$27.57
50-Day Range
$22.93
$29.64
52-Week Range
$20.30
$31.26
Volume
28,108 shs
Average Volume
216,100 shs
Market Capitalization
$490.75 million
P/E Ratio
N/A
Dividend Yield
2.90%
Price Target
$32.00
Consensus Rating
Hold

Company Overview

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. The Prepared segment is involved in the distribution of prepared avocado products, salsa, fresh-cut fruit and vegetables, fresh prepared entrees salads, wraps, sandwiches, parfaits, and fresh snacking products, as well as ready-to-heat entrees, other hot bars and various deli items, meals kit components, and salad kits. It offers its products under the Calavo brands and related logos; and Avo Fresco, Bueno, Avo Fresco, Bueno, Calavo Gold, Celebrate the Taste, El Dorado, Taste of Paradise, The First Name in Avocados, The Family of Fresh, ProRipeVIP, RIPE NOW!, Renaissance Food Group, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.

Calavo Growers Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
56th Percentile Overall Score

CVGW MarketRank™: 

Calavo Growers scored higher than 56% of companies evaluated by MarketBeat, and ranked 88th out of 139 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Calavo Growers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Calavo Growers has received no research coverage in the past 90 days.

  • Read more about Calavo Growers' stock forecast and price target.
  • Earnings Growth

    Earnings for Calavo Growers are expected to grow by 39.13% in the coming year, from $1.15 to $1.60 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Calavo Growers is -54.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Calavo Growers is -54.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Calavo Growers has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Calavo Growers' valuation and earnings.
  • Percentage of Shares Shorted

    4.44% of the float of Calavo Growers has been sold short.
  • Short Interest Ratio / Days to Cover

    Calavo Growers has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Calavo Growers has recently increased by 66.54%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Calavo Growers pays a meaningful dividend of 3.01%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Calavo Growers does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Calavo Growers will have a dividend payout ratio of 50.00% next year. This indicates that Calavo Growers will be able to sustain or increase its dividend.

  • Read more about Calavo Growers' dividend.
  • Percentage of Shares Shorted

    4.44% of the float of Calavo Growers has been sold short.
  • Short Interest Ratio / Days to Cover

    Calavo Growers has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Calavo Growers has recently increased by 66.54%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Calavo Growers has a news sentiment score of 1.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Consumer Staples companies.
  • Insider Buying vs. Insider Selling

    In the past three months, Calavo Growers insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 7.10% of the stock of Calavo Growers is held by insiders.

  • Percentage Held by Institutions

    81.30% of the stock of Calavo Growers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Calavo Growers' insider trading history.
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CVGW Stock News Headlines

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CVGW Stock Analysis - Frequently Asked Questions

Calavo Growers' stock was trading at $29.41 at the beginning of 2024. Since then, CVGW stock has decreased by 8.1% and is now trading at $27.03.
View the best growth stocks for 2024 here
.

Calavo Growers, Inc. (NASDAQ:CVGW) released its earnings results on Monday, September, 9th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.21. The business earned $179.60 million during the quarter, compared to the consensus estimate of $175 million. Calavo Growers had a negative net margin of 1.21% and a positive trailing twelve-month return on equity of 6.35%.

Calavo Growers' top institutional investors include IQ EQ FUND MANAGEMENT IRELAND Ltd (0.36%), Wedge Capital Management L L P NC (0.19%), International Assets Investment Management LLC (0.10%) and Semanteon Capital Management LP (0.10%). Insiders that own company stock include Lecil E Cole, Steve Hollister, James D Helin and Michael A Browne.
View institutional ownership trends
.

Shares of CVGW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Calavo Growers investors own include Tesla (TSLA), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Netflix (NFLX), Meta Platforms (META), Advanced Micro Devices (AMD) and Home Depot (HD).

Company Calendar

Last Earnings
9/09/2024
Ex-Dividend for 10/30 Dividend
10/02/2024
Dividend Payable
10/30/2024
Today
11/04/2024
Next Earnings (Estimated)
1/29/2025
Fiscal Year End
10/31/2025

Industry, Sector and Symbol

Industry
Agricultural services
Sub-Industry
Packaged Foods & Meats
Current Symbol
NASDAQ:CVGW
CUSIP
12824610
Employees
3,064
Year Founded
1924

Price Target and Rating

Average Stock Price Target
$32.00
High Stock Price Target
$32.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+17.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-8,340,000.00
Pretax Margin
-0.67%

Debt

Sales & Book Value

Annual Sales
$971.95 million
Cash Flow
$0.98 per share
Book Value
$11.84 per share

Miscellaneous

Free Float
16,538,000
Market Cap
$483.63 million
Optionable
Optionable
Beta
0.58

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This page (NASDAQ:CVGW) was last updated on 11/4/2024 by MarketBeat.com Staff
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