Calavo Growers (NASDAQ:CVGW) released its quarterly earnings data on Monday. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09, Bloomberg Earnings reports. The company had revenue of $277.20 million for the quarter, compared to the consensus estimate of $297.40 million. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. Calavo Growers’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS.

Shares of Calavo Growers (NASDAQ:CVGW) traded up $0.35 during trading hours on Tuesday, hitting $75.45. The stock had a trading volume of 229,700 shares, compared to its average volume of 160,172. Calavo Growers has a twelve month low of $48.75 and a twelve month high of $77.89. The stock has a market cap of $1,316.74, a P/E ratio of 35.59 and a beta of 0.65.

The business also recently declared an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a $0.95 dividend. The ex-dividend date was Thursday, November 16th. This is an increase from Calavo Growers’s previous annual dividend of $0.90. This represents a dividend yield of 1.29%. Calavo Growers’s dividend payout ratio (DPR) is currently 45.89%.

A number of research analysts have recently issued reports on CVGW shares. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Tuesday, August 22nd. BidaskClub downgraded Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Calavo Growers currently has a consensus rating of “Buy” and a consensus target price of $79.40.

In related news, insider James E. Snyder sold 750 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $70.19, for a total transaction of $52,642.50. Following the transaction, the insider now directly owns 11,095 shares in the company, valued at approximately $778,758.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 9.90% of the company’s stock.

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Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

Earnings History for Calavo Growers (NASDAQ:CVGW)

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