Media stories about Calavo Growers (NASDAQ:CVGW) have been trending positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Calavo Growers earned a news impact score of 0.37 on Accern’s scale. Accern also gave news articles about the company an impact score of 46 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research analysts recently issued reports on CVGW shares. Zacks Investment Research lowered shares of Calavo Growers from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, Stephens reissued an “overweight” rating and issued a $85.00 price target (up previously from $75.00) on shares of Calavo Growers in a research report on Friday, June 9th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $78.75.
Calavo Growers (CVGW) traded up 1.18% during mid-day trading on Friday, hitting $72.90. 65,277 shares of the stock traded hands. Calavo Growers has a 52 week low of $48.75 and a 52 week high of $76.85. The firm has a market cap of $1.28 billion, a P/E ratio of 31.71 and a beta of 0.62. The firm’s 50-day moving average price is $71.03 and its 200-day moving average price is $64.61.
Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Tuesday, June 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $270.20 million for the quarter, compared to analyst estimates of $259.79 million. Calavo Growers had a net margin of 3.99% and a return on equity of 18.38%. Calavo Growers’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, equities analysts forecast that Calavo Growers will post $2.39 earnings per share for the current fiscal year.
In other Calavo Growers news, Director Marc Laurence Brown sold 750 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $75.10, for a total value of $56,325.00. Following the transaction, the director now directly owns 10,100 shares of the company’s stock, valued at $758,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen M. Holmgren acquired 1,000 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was acquired at an average cost of $68.00 per share, for a total transaction of $68,000.00. Following the completion of the purchase, the director now directly owns 2,750 shares of the company’s stock, valued at approximately $187,000. The disclosure for this purchase can be found here. 9.90% of the stock is owned by corporate insiders.
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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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