Wall Street analysts forecast that Calavo Growers, Inc. (NASDAQ:CVGW) will post earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Calavo Growers’ earnings. Calavo Growers posted earnings per share of $0.53 during the same quarter last year, which indicates a negative year-over-year growth rate of 22.6%. The business is expected to report its next quarterly earnings report on Tuesday, December 19th.

On average, analysts expect that Calavo Growers will report full year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.10. For the next financial year, analysts anticipate that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $2.82 to $2.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Calavo Growers.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. The business had revenue of $301.65 million during the quarter, compared to the consensus estimate of $278.66 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 14.6% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share.

A number of analysts recently commented on CVGW shares. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, August 22nd. Finally, Buckingham Research decreased their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $79.40.

A number of institutional investors and hedge funds have recently modified their holdings of CVGW. Acrospire Investment Management LLC increased its holdings in Calavo Growers by 561.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,767 shares of the company’s stock worth $122,000 after purchasing an additional 1,500 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Calavo Growers by 54.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,077 shares of the company’s stock worth $126,000 after purchasing an additional 734 shares in the last quarter. SG Americas Securities LLC bought a new stake in Calavo Growers during the 2nd quarter worth approximately $128,000. PNC Financial Services Group Inc. increased its holdings in Calavo Growers by 7.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,169 shares of the company’s stock worth $131,000 after purchasing an additional 142 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in Calavo Growers by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock worth $140,000 after purchasing an additional 29 shares in the last quarter. 86.93% of the stock is owned by hedge funds and other institutional investors.

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Calavo Growers (NASDAQ:CVGW) opened at 70.70 on Monday. The company’s 50 day moving average price is $70.99 and its 200-day moving average price is $69.44. Calavo Growers has a 12-month low of $48.75 and a 12-month high of $76.85. The company has a market capitalization of $1.24 billion, a P/E ratio of 34.15 and a beta of 0.70.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.95 per share. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 16th. Calavo Growers’s payout ratio is currently 43.48%.

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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Earnings History and Estimates for Calavo Growers (NASDAQ:CVGW)

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