Equities research analysts expect that Calavo Growers, Inc. (NASDAQ:CVGW) will announce earnings per share of $0.32 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Calavo Growers’ earnings. Calavo Growers reported earnings per share of $0.34 during the same quarter last year, which indicates a negative year-over-year growth rate of 5.9%. The firm is expected to report its next earnings report on Tuesday, March 6th.
On average, analysts expect that Calavo Growers will report full year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.82 to $3.10. For the next financial year, analysts forecast that the firm will post earnings of $3.70 per share. Zacks’ EPS averages are an average based on a survey of analysts that cover Calavo Growers.
Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Tuesday, December 19th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The business had revenue of $277.20 million during the quarter, compared to the consensus estimate of $297.40 million. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS.
Calavo Growers (NASDAQ:CVGW) traded up $0.52 during midday trading on Friday, reaching $86.60. The company had a trading volume of 74,670 shares, compared to its average volume of 194,481. Calavo Growers has a 1 year low of $48.75 and a 1 year high of $90.85. The firm has a market cap of $1,520.00, a P/E ratio of 40.66 and a beta of 0.68.
In related news, Director Marc Laurence Brown sold 1,000 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total value of $85,050.00. Following the completion of the transaction, the director now directly owns 9,600 shares of the company’s stock, valued at approximately $816,480. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James E. Gibson sold 10,000 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $79.14, for a total value of $791,400.00. Following the completion of the transaction, the insider now directly owns 61,991 shares of the company’s stock, valued at $4,905,967.74. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of CVGW. New York State Common Retirement Fund grew its holdings in Calavo Growers by 5.5% in the 2nd quarter. New York State Common Retirement Fund now owns 17,300 shares of the company’s stock valued at $1,195,000 after buying an additional 899 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Calavo Growers in the 2nd quarter valued at $501,000. Northern Trust Corp grew its holdings in Calavo Growers by 11.8% in the 2nd quarter. Northern Trust Corp now owns 239,448 shares of the company’s stock valued at $16,533,000 after buying an additional 25,208 shares in the last quarter. Vanguard Group Inc. grew its holdings in Calavo Growers by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 877,726 shares of the company’s stock valued at $60,607,000 after buying an additional 36,077 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Calavo Growers by 45.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,701 shares of the company’s stock valued at $1,360,000 after buying an additional 6,147 shares in the last quarter. Institutional investors own 90.97% 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).
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