Calavo Growers (CVGW) Set to Announce Quarterly Earnings on Monday
Calavo Growers (NASDAQ:CVGW) is set to issue its quarterly earnings data before the market opens on Monday, December 18th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
Shares of Calavo Growers (NASDAQ:CVGW) opened at $71.90 on Monday. Calavo Growers has a twelve month low of $48.75 and a twelve month high of $77.89. The company has a market capitalization of $1,260.62, a P/E ratio of 34.08 and a beta of 0.65.
The business also recently announced an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a $0.95 dividend. The ex-dividend date was Thursday, November 16th. This is a boost from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. Calavo Growers’s dividend payout ratio is presently 45.89%.
CVGW has been the topic of several analyst reports. Buckingham Research reduced their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Zacks Investment Research lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Calavo Growers has an average rating of “Buy” and a consensus price target of $79.40.
About Calavo Growers
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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