Calavo Growers (CVGW) to Release Earnings on Wednesday

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

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. 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 Stock Performance

CVGW stock opened at $23.41 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70. The business has a 50-day moving average price of $23.62 and a 200 day moving average price of $25.78. The company has a market capitalization of $416.70 million, a P/E ratio of -390.17 and a beta of 0.57. Calavo Growers has a 1-year low of $20.30 and a 1-year high of $31.26.

Calavo Growers Dividend Announcement

The company 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. The ex-dividend date was Friday, January 10th. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. Calavo Growers’s dividend payout ratio is presently -1,333.33%.

Analyst Ratings Changes

Separately, Lake Street Capital reduced their target price on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a 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.