Calavo Growers (CVGW) Getting Somewhat Favorable News Coverage, Analysis Finds

News articles about Calavo Growers (NASDAQ:CVGW) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. 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 impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9209708874679 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Calavo Growers (NASDAQ CVGW) traded up $1.20 during mid-day trading on Friday, hitting $73.25. 117,600 shares of the stock were exchanged, compared to its average volume of 162,117. Calavo Growers has a fifty-two week low of $48.75 and a fifty-two week high of $76.85. The stock has a market cap of $1,280.00, a P/E ratio of 34.15 and a beta of 0.64.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Calavo Growers had a net margin of 3.46% and a return on equity of 16.07%. The firm had revenue of $301.65 million for the quarter, compared to the consensus estimate of $278.66 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. analysts forecast that Calavo Growers will post 2.05 earnings per share for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.95 per share. This is an increase from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.29%. Calavo Growers’s payout ratio is 43.48%.

A number of equities analysts have weighed in on CVGW shares. Zacks Investment Research lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Buckingham Research cut their target price on shares of Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Calavo Growers currently has an average rating of “Buy” and a consensus target price of $79.40.

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In related news, insider James E. Snyder sold 750 shares of Calavo Growers stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $70.19, for a total transaction of $52,642.50. Following the sale, the insider now owns 11,095 shares of the company’s stock, valued at approximately $778,758.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.90% of the company’s stock.

Calavo Growers Company Profile

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).

Insider Buying and Selling by Quarter for Calavo Growers (NASDAQ:CVGW)

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