Calavo Growers (NASDAQ:CVGW) posted its quarterly earnings results on Thursday. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15, Briefing.com reports. The firm had revenue of $286.00 million during the quarter, compared to analyst estimates of $281.37 million. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. Calavo Growers’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS.
NASDAQ CVGW opened at $89.34 on Friday. Calavo Growers has a one year low of $67.52 and a one year high of $108.00. The stock has a market capitalization of $1.61 billion, a P/E ratio of 34.00 and a beta of 1.03.
Several equities analysts have recently issued reports on CVGW shares. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. TheStreet raised Calavo Growers from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Vertical Group raised Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Thursday, April 4th. ValuEngine raised Calavo Growers from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research lowered Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Calavo Growers currently has a consensus rating of “Buy” and a consensus price target of $94.80.
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Calavo Growers Company Profile
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. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.
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