NASDAQ:CVGW

Calavo Growers - CVGW Stock Forecast, Price & News

$32.09

-0.63 (-1.93%)

(As of 02/6/2023 01:18 PM ET)

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Today's Range: $32.09
▼
$32.80
50-Day Range: $29.00
▼
$36.09
52-Week Range: $27.29
▼
$45.50

Volume: 18,892 shs
Average Volume: 103,546 shs
Market Capitalization: $568.96 million

P/E Ratio: N/A
Dividend Yield: 3.51%
Price Target: $44.50

Institutional Ownership

Calavo Growers MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 38.7% Upside
$44.50 Price Target
Short Interest: Healthy
2.78% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 44.44%
From $1.71 to $2.47 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Consumer Staples Sector

10th out of 138 stocks

Agricultural Services Industry

1st out of 4 stocks

3.5

Analyst's Opinion

Consensus Rating
Calavo Growers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $44.50, Calavo Growers has a forecasted upside of 38.7% from its current price of $32.09.
Amount of Analyst Coverage
Calavo Growers has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.78% of the float of Calavo Growers has been sold short.
Short Interest Ratio / Days to Cover
Calavo Growers has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Calavo Growers has recently decreased by 14.47%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Calavo Growers is a leading dividend payer. It pays a dividend yield of 3.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Calavo Growers does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Calavo Growers will have a dividend payout ratio of 46.56% next year. This indicates that Calavo Growers will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CVGW.

3.2

News and Social Media Coverage

News Sentiment
Calavo Growers has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Calavo Growers this week, compared to 1 article on an average week.
MarketBeat Follows
3 people have added Calavo Growers to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Calavo Growers insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.60% of the stock of Calavo Growers is held by insiders.
Percentage Held by Institutions
73.96% 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 44.44% in the coming year, from $1.71 to $2.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Calavo Growers is -89.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Calavo Growers is -89.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Calavo Growers has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Calavo Growers (NASDAQ:CVGW) Stock

Calavo Growers, Inc. engages in the marketing and distribution of avocados, prepared avocado products, and other perishable foods. It operates through the Grown and Prepared segments. The Grown segment consists of fresh avocados, tomatoes, and papayas. The Prepared segment includes all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa. The company was founded in 1924 and is headquartered in Santa Paula, CA.

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CVGW Stock News Headlines

February 1, 2023 | seekingalpha.com

Calavo Growers: More Patience Required

January 13, 2023 | reuters.com

CVGW.O - | Stock Price & Latest News | Reuters

February 6, 2023 | Investing Trends (Ad)

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January 13, 2023 | finance.yahoo.com

With 76% ownership of the shares, Calavo Growers, Inc. (NASDAQ:CVGW) is heavily dominated by institutional owners

January 8, 2023 | benzinga.com

Calavo Growers Stock (NASDAQ:CVGW), Quotes and News Summary

December 30, 2022 | benzinga.com

Calavo Growers Earnings Perspective: Return On Capital Employed

December 21, 2022 | seekingalpha.com

Hot Stocks: NKE soars on earnings; CVGW drops; CAT hits 52-week high; RRGB slumps on downgrade

December 21, 2022 | finance.yahoo.com

The past three years for Calavo Growers (NASDAQ:CVGW) investors has not been profitable

February 6, 2023 | Investing Trends (Ad)

"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race

Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.

December 21, 2022 | finance.yahoo.com

Why Calavo Growers Stock Tumbled Today

December 21, 2022 | seekingalpha.com

Calavo Growers, Inc. (CVGW) Q4 2022 Earnings Call Transcript

December 21, 2022 | fool.com

Calavo Growers (CVGW) Q4 2022 Earnings Call Transcript

December 20, 2022 | marketwatch.com

Calavo Growers Posts Narrower 4Q Loss, but Revenue Fell

December 20, 2022 | marketwatch.com

Calavo Growers Expects More Mexican Avocados in 2023 -- Commodity Comment

December 20, 2022 | msn.com

Calavo Growers Non-GAAP EPS of $0.03 misses by $0.29, revenue of $243.6M misses by $51.56M

December 20, 2022 | finance.yahoo.com

Calavo Growers, Inc. Announces Fourth Quarter and Fiscal 2022 Financial Results

December 20, 2022 | finance.yahoo.com

Calavo Growers, Inc. Announces Fourth Quarter and Fiscal 2022 Financial Results

December 20, 2022 | finance.yahoo.com

Calavo Growers (CVGW) Misses Q4 Earnings and Revenue Estimates

December 14, 2022 | seekingalpha.com

CVGW Calavo Growers, Inc.

December 14, 2022 | marketwatch.com

Calavo Growers Unveils New ESG Strategy

December 14, 2022 | finance.yahoo.com

Calavo Growers, Inc. announces new ESG strategy and commitments

December 13, 2022 | finance.yahoo.com

Calavo Growers (CVGW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

November 30, 2022 | finance.yahoo.com

Calavo Growers to Report Fourth Quarter Financial Results

November 10, 2022 | finance.yahoo.com

The Calavo Way: Ethics and Integrity

November 10, 2022 | finance.yahoo.com

We Wouldn't Be Too Quick To Buy Calavo Growers, Inc. (NASDAQ:CVGW) Before It Goes Ex-Dividend

November 3, 2022 | finance.yahoo.com

Calavo Growers Announces Participation at Stephens Annual Investment Conference

November 2, 2022 | seekingalpha.com

Calavo Growers declares $0.2875 dividend

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CVGW Company Calendar

Ex-Dividend for 12/14 Dividend: 11/15/2022
Dividend Payable: 12/14/2022
Last Earnings: 12/20/2022
Today: 2/06/2023
Next Earnings (Estimated): 3/13/2023
Fiscal Year End: 10/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Agricultural services
Sub-Industry: Packaged Foods & Meats
Sector: Consumer Staples
Current Symbol: NASDAQ:CVGW
CUSIP: 12824610
CIK: 1133470
Web: www.calavo.com
Phone: (805) 525-1245
Fax: 805-921-3219
Employees: 3,266
Year Founded: 1924

Price Target and Rating

Average Stock Price Forecast: $44.50
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $39.00
Forecasted Upside/Downside: +38.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.36)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 18.77
P/E Growth: N/A
Net Income: $-6,250,000.00
Net Margins: -0.52%
Pretax Margin: -0.23%
Return on Equity: 3.96%
Return on Assets: 2.02%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 1.23
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $1.19 billion
Price / Sales: 0.48
Cash Flow: $1.41 per share
Price / Cash Flow: 22.79
Book Value: $12.60 per share
Price / Book: 2.55

Miscellaneous

Outstanding Shares: 17,730,000
Free Float: 17,094,000
Market Cap: $568.96 million
Optionable: Optionable
Beta: 0.70

Social Links

Key Executives

Brian W. Kocher
President & Chief Executive Officer

Shawn C. Munsell
Chief Financial Officer

Danny Dumas
Senior VP & General Manager-Calavo Grown

Ronald A. Araiza
Senior Vice President-Calavo Prepared

Dionisio Ortiz
Vice President-Calavo de Mexico

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVGW Stock - Frequently Asked Questions

Should I buy or sell Calavo Growers stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Calavo Growers in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CVGW shares.
View CVGW analyst ratings or view top-rated stocks.
What is Calavo Growers' stock price forecast for 2023?: 1 brokers have issued 1-year price objectives for Calavo Growers' stock. Their CVGW share price forecasts range from $39.00 to $50.00. On average, they anticipate the company's stock price to reach $44.50 in the next twelve months. This suggests a possible upside of 36.0% from the stock's current price.
View analysts price targets for CVGW or view top-rated stocks among Wall Street analysts.
How have CVGW shares performed in 2023?: Calavo Growers' stock was trading at $29.40 at the beginning of the year. Since then, CVGW stock has increased by 11.3% and is now trading at $32.72.
View the best growth stocks for 2023 here.
When is Calavo Growers' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, March 13th 2023.
View our CVGW earnings forecast.
How were Calavo Growers' earnings last quarter?: Calavo Growers, Inc. (NASDAQ:CVGW) announced its quarterly earnings results on Tuesday, December, 20th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.34. The firm had revenue of $243.57 million for the quarter, compared to the consensus estimate of $304.90 million. Calavo Growers had a positive trailing twelve-month return on equity of 3.96% and a negative net margin of 0.52%.
How often does Calavo Growers pay dividends? What is the dividend yield for Calavo Growers?: Calavo Growers announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.287 per share on Wednesday, December 14th. This represents a $1.15 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Tuesday, November 15th.
Read our dividend analysis for CVGW.
Is Calavo Growers a good dividend stock?: Calavo Growers (NASDAQ:CVGW) pays an annual dividend of $1.15 per share and currently has a dividend yield of 3.49%.
Read our dividend analysis for CVGW.

What is Lee Cole's approval rating as Calavo Growers' CEO?: 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.
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), Tesla (TSLA), UnitedHealth Group (UNH), Intel (INTC), NIKE (NKE), NVIDIA (NVDA), AbbVie (ABBV) and Caterpillar (CAT).
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 many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (1.29%), Allspring Global Investments Holdings LLC (0.26%), Exchange Traded Concepts LLC (0.19%), Jackson Square Capital LLC (0.13%), Baldwin Brothers LLC MA (0.10%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include Donald M Sanders, Harold S Edwards, James D Helin, Marc Laurence Brown, Michael Anthony Digregorio, Robert J Wedin and Steve Hollister.
View institutional ownership trends.
How do I buy shares of Calavo Growers?: 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.
Compare Top Brokerages Here.
What is Calavo Growers' stock price today?: One share of CVGW stock can currently be purchased for approximately $32.72.
How much money does Calavo Growers make?: Calavo Growers (NASDAQ:CVGW) has a market capitalization of $580.19 million and generates $1.19 billion in revenue each year. The company earns $-6,250,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.
How many employees does Calavo Growers have?: The company employs 3,266 workers across the globe.
How can I contact Calavo Growers?: Calavo Growers' mailing address is 1141-A Cummings Road, SANTA PAULA CA, 93060. The official website for the company is www.calavo.com. The company can be reached via phone at (805) 525-1245, via email at calavo@finprofiles.com, or via fax at 805-921-3219.

This page (NASDAQ:CVGW) was last updated on 2/6/2023 by MarketBeat.com Staff

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Calavo Growers - CVGW Stock Forecast, Price & News

Calavo Growers MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Calavo Growers (NASDAQ:CVGW) Stock

CVGW Stock News Headlines

CVGW Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

CVGW Stock - Frequently Asked Questions

Overall MarketRank^™