NASDAQ:CVGWCalavo Growers Stock Price, Forecast & News

$61.42

-0.39 (-0.63 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$61.19

Now: $61.42▼

$62.83

50-Day Range

$52.94

MA: $59.89▼

$65.22

52-Week Range

$48.31

Now: $61.42▼

$100.58

Volume188,125 shs

Average Volume232,581 shs

Market Capitalization$1.08 billion

P/E Ratio34.51

Dividend Yield1.78%

Beta1.02

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Calavo Growers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $80.25, Calavo Growers has a potential upside of 30.7% from its current price of $61.42.
Amount of Analyst Coverage
Calavo Growers has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Calavo Growers has received 304 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Calavo Growers has received 327 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Calavo Growers has received 51.82% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Calavo Growers is a leading dividend payer. It pays a dividend yield of 1.78%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Calavo Growers has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Calavo Growers is 36.42 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Calavo Growers will have a dividend payout ratio of 32.64 % next year. This indicates that Calavo Growers will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calavo Growers insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,590.00 in company stock.
Percentage Held by Insiders
Only 6.30% of the stock of Calavo Growers is held by insiders.
Percentage Held by Institutions
84.09% of the stock of Calavo Growers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Calavo Growers are expected to grow by 24.81% in the coming year, from $2.70 to $3.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calavo Growers is 34.51, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calavo Growers is 34.51, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.90.
Price to Book Value per Share Ratio
Calavo Growers has a P/B Ratio of 3.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.49 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Agricultural services

Sub-IndustryPackaged Foods & Meats

SectorConsumer Staples

Current SymbolNASDAQ:CVGW

Previous Symbol

CUSIP12824610

CIK1133470

Webwww.calavo.com

Phone805-525-1245

Debt

Debt-to-Equity Ratio0.24

Current Ratio1.28

Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio34.51

Forward P/E Ratio22.75

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.20 billion

Price / Sales0.90

Cash Flow$3.90 per share

Price / Cash Flow15.75

Book Value$16.25 per share

Price / Book3.78

Profitability

EPS (Most Recent Fiscal Year)$3.02

Net Income$36.65 million

Net Margins2.58%

Return on Equity14.26%

Return on Assets9.82%

Miscellaneous

Employees3,657

Outstanding Shares17,614,000

Market Cap$1.08 billion

Next Earnings Date6/8/2020 (Confirmed)

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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CVGW shares have increased by 15.8% and is now trading at $61.42. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calavo Growers in the last year. There are currently 3 hold ratings 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 Monday, June 8th 2020. View our earnings forecast for Calavo Growers.

How can I listen to Calavo Growers' earnings call?

Calavo Growers will be holding an earnings conference call on Monday, June 8th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Calavo Growers' earnings last quarter?

Calavo Growers, Inc. (NASDAQ:CVGW) released its quarterly earnings results on Tuesday, March, 10th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.54 by $0.47. The business earned $273.30 million during the quarter, compared to analyst estimates of $268.30 million. Calavo Growers had a net margin of 2.58% and a return on equity of 14.26%. Calavo Growers's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last 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 announced an annual dividend on Tuesday, October 1st. Investors of record on Friday, November 15th will be paid 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 a positive change from Calavo Growers's previous annual dividend of $1.00. View Calavo Growers' dividend history.

What price target have analysts set for CVGW?

3 Wall Street analysts have issued 1 year price objectives for Calavo Growers' stock. Their forecasts range from $53.00 to $104.00. On average, they expect Calavo Growers' stock price to reach $80.25 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price. View analysts' price targets for Calavo Growers.

Has Calavo Growers been receiving favorable news coverage?

News headlines about CVGW stock have trended very negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Calavo Growers earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutCalavo Growers.

Who are some of Calavo Growers' key competitors?

Some companies that are related to Calavo Growers include Mondelez International (MDLZ), General Mills (GIS), Hershey (HSY), Hormel Foods (HRL), MCCORMICK & CO /SH (MKC), Tyson Foods (TSN), Kellogg (K), Conagra Brands (CAG), Campbell Soup (CPB), J M Smucker (SJM), Post (POST), Pilgrim's Pride (PPC), Flowers Foods (FLO), Lancaster Colony (LANC) and Seaboard (SEB). View all 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 Micron Technology (MU), Netflix (NFLX), AT&T (T), UnitedHealth Group (UNH), Intel (INTC), Tesla (TSLA), Alibaba Group (BABA), Caterpillar (CAT), NVIDIA (NVDA) and AbbVie (ABBV).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (16.20%), Clearbridge Investments LLC (3.53%), State Street Corp (2.90%), Copeland Capital Management LLC (2.82%), Bank of New York Mellon Corp (2.71%) and Invesco Ltd. (2.54%). Company insiders that own Calavo Growers stock include Bruce John Lindeman, Der Kar Scott Van, Donald M Sanders, 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 major investors are selling Calavo Growers stock?

CVGW stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Public Employees Retirement Association of Colorado, Morgan Stanley, Morgan Stanley, Rice Hall James & Associates LLC, Silvercrest Asset Management Group LLC, Thrivent Financial for Lutherans, and Two Sigma Investments LP. Company insiders that have sold Calavo Growers company stock in the last year include Bruce John Lindeman, Der Kar Scott Van, James E Gibson, 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 major investors are buying Calavo Growers stock?

CVGW stock was purchased by a variety of institutional investors in the last quarter, including Ceredex Value Advisors LLC, Invesco Ltd., Bank of New York Mellon Corp, Copeland Capital Management LLC, JPMorgan Chase & Co., Nuance Investments LLC, Aviva PLC, and State Street Corp. 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 $61.42.

How big of a company is Calavo Growers?

Calavo Growers has a market capitalization of $1.08 billion 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.

What is Calavo Growers' official website?

The official website for Calavo Growers is 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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff