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NASDAQ:CVGW - Calavo Growers Stock Price, Forecast & News

$53.46
-0.77 (-1.42 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
$51.22
Now: $53.46
$55.31
50-Day Range
$51.07
MA: $65.80
$77.71
52-Week Range
$48.31
Now: $53.46
$100.58
Volume241,766 shs
Average Volume456,446 shs
Market Capitalization$941.43 million
P/E Ratio30.03
Dividend Yield2.03%
Beta1.01
Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas. The Calavo Foods segment is involved in purchasing, manufacturing, and distributing prepared products, including guacamole and salsa. The RFG segment manufactures and distributes fresh-cut fruits and vegetables, fresh prepared entrée salads, wraps, sandwiches, and fresh snacking products, as well as ready-to-heat entrees, other hot bar and various deli items, meals kits and related components, and salad kits. The company offers its products under the Calavo and RFG brands, and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. Calavo Growers, Inc. was founded in 1924 and is headquartered in Santa Paula, California.
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Calavo Growers logo

Industry, Sector and Symbol

Industry Agricultural services
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
Current SymbolNASDAQ:CVGW
CUSIP12824610
Phone805-525-1245

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.20 billion
Cash Flow$3.74 per share
Book Value$16.29 per share

Profitability

Net Income$36.65 million

Miscellaneous

Employees3,657
Market Cap$941.43 million
Next Earnings Date6/4/2020 (Estimated)
OptionableOptionable

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Calavo Growers (NASDAQ:CVGW) Frequently Asked Questions

How has Calavo Growers' stock been impacted by COVID-19 (Coronavirus)?

Calavo Growers' stock was trading at $53.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CVGW stock has increased by 0.8% and is now trading at $53.46. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Calavo Growers?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calavo Growers in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Calavo Growers.

When is Calavo Growers' next earnings date?

Calavo Growers is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Calavo Growers.

How were Calavo Growers' earnings last quarter?

Calavo Growers, Inc. (NASDAQ:CVGW) posted its quarterly earnings data on Tuesday, March, 10th. The company reported $0.07 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.54 by $0.47. The business had revenue of $273.30 million for the quarter, compared to analysts' expectations of $268.30 million. Calavo Growers had a return on equity of 14.26% and a net margin of 2.58%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 earnings per share. View Calavo Growers' earnings history.

How often does Calavo Growers pay dividends? What is the dividend yield for Calavo Growers?

Calavo Growers declared an annual dividend on Tuesday, October 1st. Stockholders of record on Friday, November 15th will be given a dividend of $1.10 per share on Friday, December 6th. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Calavo Growers's previous annual dividend of $1.00. View Calavo Growers' dividend history.

What price target have analysts set for CVGW?

4 Wall Street analysts have issued 12-month price targets for Calavo Growers' shares. Their forecasts range from $53.00 to $104.00. On average, they expect Calavo Growers' share price to reach $83.40 in the next twelve months. This suggests a possible upside of 56.0% from the stock's current price. View analysts' price targets for Calavo Growers.

Has Calavo Growers been receiving favorable news coverage?

Media headlines about CVGW stock have been trending extremely negative on Saturday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Calavo Growers earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutCalavo Growers.

Are investors shorting Calavo Growers?

Calavo Growers saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 3,471,900 shares, a decline of 17.7% from the February 27th total of 4,220,000 shares. Based on an average trading volume of 523,800 shares, the short-interest ratio is currently 6.6 days. Approximately 21.3% of the company's shares are sold short. View Calavo Growers' Current Options Chain.

Who are some of Calavo Growers' key competitors?

What other stocks do shareholders of Calavo Growers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Calavo Growers investors own include Netflix (NFLX), Micron Technology (MU), UnitedHealth Group (UNH), Tesla (TSLA), Gilead Sciences (GILD), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Caterpillar (CAT) and Johnson & Johnson (JNJ).

Who are Calavo Growers' key executives?

Calavo Growers' management team includes the following people:
  • Mr. Lecil E. Cole, Chairman, Pres & CEO (Age 79)
  • Mr. B. John Lindeman, CFO & Corp. Sec. (Age 49)
  • Mr. Robert J. Wedin, VP of Sales & Fresh Marketing (Age 69)
  • Mr. James E. Snyder, Corp. Controller (Age 48)
  • Mr. Scott H. Runge, Treasurer

What is Calavo Growers' stock symbol?

Calavo Growers trades on the NASDAQ under the ticker symbol "CVGW."

Who are Calavo Growers' major shareholders?

Calavo Growers' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (2.72%), Renaissance Technologies LLC (2.51%), Lord Abbett & CO. LLC (2.36%), Copeland Capital Management LLC (2.23%), Riverbridge Partners LLC (1.90%) and Bank of New York Mellon Corp (1.81%). Company insiders that own Calavo Growers stock include Bruce John Lindeman, Der Kar Scott Van, Donald M Sanders, J Link Leavens, James E Gibson, James E Snyder, John M Hunt, Lecil E Cole, Marc Laurence Brown, Michael A Browne, Michael Anthony Digregorio, Robert J Wedin and Ronald Anthony Araiza. View institutional ownership trends for Calavo Growers.

Which institutional investors are selling Calavo Growers stock?

CVGW stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Russell Investments Group Ltd., Thrivent Financial for Lutherans, Algert Global LLC, Bank of America Corp DE, KBC Group NV, Arizona State Retirement System, and Bank of New York Mellon Corp. Company insiders that have sold Calavo Growers company stock in the last year include Bruce John Lindeman, Der Kar Scott Van, Donald M Sanders, James E Gibson, James E Snyder, Lecil E Cole, Marc Laurence Brown, Michael A Browne, Robert J Wedin, and Ronald Anthony Araiza. View insider buying and selling activity for Calavo Growers.

Which institutional investors are buying Calavo Growers stock?

CVGW stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Nuance Investments LLC, Renaissance Technologies LLC, Marshall Wace North America L.P., Lord Abbett & CO. LLC, Man Group plc, Goldman Sachs Group Inc., and Eaton Vance Management. View insider buying and selling activity for Calavo Growers.

How do I buy shares of Calavo Growers?

Shares of CVGW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Calavo Growers' stock price today?

One share of CVGW stock can currently be purchased for approximately $53.46.

How big of a company is Calavo Growers?

Calavo Growers has a market capitalization of $941.43 million and generates $1.20 billion in revenue each year. The company earns $36.65 million in net income (profit) each year or $3.02 on an earnings per share basis. Calavo Growers employs 3,657 workers across the globe. View additional information about Calavo Growers.

What is Calavo Growers' official website?

The official website for Calavo Growers is http://www.calavo.com/.

How can I contact Calavo Growers?

Calavo Growers' mailing address is 1141-A Cummings Road, SANTA PAULA CA, 93060. The company can be reached via phone at 805-525-1245 or via email at [email protected]


MarketBeat Community Rating for Calavo Growers (NASDAQ CVGW)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  303 (Thanks for Voting!)
Underperform Votes:  324 (Thanks for Voting!)
Total Votes:  627
MarketBeat's community ratings are surveys of what our community members think about Calavo Growers and other stocks. Vote "Outperform" if you believe CVGW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVGW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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