Calavo Growers Stock Price, News & Analysis (NASDAQ:CVGW)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Calavo Growers in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVGW shares.
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2 Wall Street research analysts have issued 12 month price objectives for Calavo Growers' shares. Their CVGW share price targets range from $35.00 to $45.00. On average, they anticipate the company's share price to reach $40.00 in the next year. This suggests a possible upside of 49.0% from the stock's current price.
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Calavo Growers' stock was trading at $29.40 at the beginning of the year. Since then, CVGW shares have decreased by 8.7% and is now trading at $26.84.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
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Calavo Growers, Inc. (NASDAQ:CVGW) issued its quarterly earnings results on Wednesday, September, 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.10. The company had revenue of $259.90 million for the quarter, compared to analyst estimates of $280.77 million. Calavo Growers had a negative net margin of 0.39% and a positive trailing twelve-month return on equity of 2.85%. Calavo Growers's quarterly revenue was down 24.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS.

Calavo Growers announced a quarterly dividend on Friday, September 1st. Shareholders of record on Wednesday, September 27th will be given a dividend of $0.10 per share on Wednesday, October 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, September 26th.
Read our dividend analysis for CVGW.

Calavo Growers (NASDAQ:CVGW) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.74%.
Read our dividend analysis for CVGW.

ETFs with the largest weight of Calavo Growers (NASDAQ:CVGW) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Consumer Staples ETF (PSCC) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).IQ Chaikin U.S. Small Cap ETF (CSML).

7 employees have rated Calavo Growers Chief Executive Officer Lee Cole on Glassdoor.com. Lee Cole has an approval rating of 100% among the company's employees. This puts Lee Cole in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Calavo Growers investors own include Micron Technology (MU), Netflix (NFLX), AT&T (T), Tesla (TSLA), UnitedHealth Group (UNH), Intel (INTC), NIKE (NKE), NVIDIA (NVDA), AbbVie (ABBV) and Caterpillar (CAT).

Calavo Growers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Nuance Investments LLC (8.79%), Clearbridge Investments LLC (3.59%), Kennedy Capital Management LLC (2.99%), Charles Schwab Investment Management Inc. (1.81%), Bank of New York Mellon Corp (1.28%) and Jacobs Levy Equity Management Inc. (1.11%). Insiders that own company stock include Donald M Sanders, James D Helin, Lecil E Cole, Michael A Browne, Michael Anthony Digregorio, Robert J Wedin and Steve Hollister.
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Shares of CVGW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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