News articles about Calavo Growers (NASDAQ:CVGW) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Calavo Growers earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3224760121645 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Calavo Growers, Inc. :CVGW-US: Earnings Analysis: Q4, 2017 By the Numbers : December 26, 2017 (finance.yahoo.com)
- Calavo Growers Inc (CVGW) Files 10-K for the Fiscal Year Ended on October 31, 2017 (finance.yahoo.com)
- Calavo Growers, Inc. (CVGW) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- U.S.: Calavo Growers profits rose 15% in FY2017 (freshfruitportal.com)
- BRIEF-Calavo Growers Reports Q4 Earnings Per Share $0.59 (CVGW) (markets.businessinsider.com)
CVGW has been the subject of a number of recent analyst reports. BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Lake Street Capital reaffirmed a “buy” rating and issued a $91.00 price objective (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Stephens upped their price objective on Calavo Growers from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.00.
Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. The firm had revenue of $277.20 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. equities analysts predict that Calavo Growers will post 2.86 earnings per share for the current fiscal year.
The firm also recently disclosed an annual dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.95 dividend. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date was Thursday, November 16th. This represents a dividend yield of 1.29%. Calavo Growers’s dividend payout ratio is 44.60%.
In related news, insider James E. Snyder sold 750 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $70.19, for a total transaction of $52,642.50. Following the completion of the transaction, the insider now directly owns 11,095 shares of the company’s stock, valued at $778,758.05. The sale was disclosed in a filing with the SEC, which is available through this link. 9.90% of the stock is currently owned by corporate insiders.
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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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