Brokerages forecast that Calavo Growers, Inc. (NASDAQ:CVGW) will post earnings per share (EPS) of $0.84 for the current quarter, Zacks reports. Zero analysts have made estimates for Calavo Growers’ earnings. Calavo Growers reported earnings per share of $0.74 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The company is scheduled to announce its next earnings report on Tuesday, June 5th.
On average, analysts expect that Calavo Growers will report full year earnings of $2.96 per share for the current financial year, with EPS estimates ranging from $2.82 to $3.10. For the next fiscal year, analysts forecast that the company will post earnings of $3.70 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Calavo Growers.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Wednesday, March 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $247.90 million for the quarter, compared to the consensus estimate of $272.89 million. Calavo Growers had a net margin of 3.57% and a return on equity of 16.95%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS.
In other news, insider James E. Gibson sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 61,991 shares in the company, valued at approximately $4,905,967.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Laurence Brown sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $85.05, for a total transaction of $85,050.00. Following the completion of the transaction, the director now owns 9,600 shares in the company, valued at approximately $816,480. The disclosure for this sale can be found here. 8.40% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of CVGW. SG Americas Securities LLC lifted its stake in shares of Calavo Growers by 50.0% in the 3rd quarter. SG Americas Securities LLC now owns 2,774 shares of the company’s stock worth $203,000 after purchasing an additional 925 shares during the period. Ellington Management Group LLC bought a new position in shares of Calavo Growers in the 4th quarter worth approximately $203,000. AMP Capital Investors Ltd bought a new position in shares of Calavo Growers in the 4th quarter worth approximately $211,000. Koch Industries Inc. bought a new position in shares of Calavo Growers in the 4th quarter worth approximately $217,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Calavo Growers in the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 89.85% of the company’s stock.
Shares of Calavo Growers (CVGW) traded up $2.35 during midday trading on Monday, hitting $90.35. 159,950 shares of the stock were exchanged, compared to its average volume of 139,170. The stock has a market cap of $1,580.00, a P/E ratio of 38.78 and a beta of 0.69. Calavo Growers has a 12-month low of $55.65 and a 12-month high of $90.95.
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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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