Headlines about Calavo Growers (NASDAQ:CVGW) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Calavo Growers earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.2138291544142 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
NASDAQ CVGW opened at $91.95 on Tuesday. Calavo Growers has a 1-year low of $61.05 and a 1-year high of $97.83. The stock has a market capitalization of $1,598.21, a PE ratio of 43.17 and a beta of 0.64.
Calavo Growers (NASDAQ:CVGW) last released its earnings results on Wednesday, March 7th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $247.90 million during the quarter, compared to analyst estimates of $272.89 million. Calavo Growers had a return on equity of 16.95% and a net margin of 3.57%. Calavo Growers’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. analysts expect that Calavo Growers will post 3.17 earnings per share for the current year.
CVGW has been the subject of a number of recent research reports. Lake Street Capital reissued a “buy” rating and issued a $91.00 target price (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Stephens boosted their target price on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Tuesday, February 27th. Finally, Buckingham Research reissued a “buy” rating and issued a $95.00 target price (up previously from $88.00) on shares of Calavo Growers in a research note on Thursday, March 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $96.25.
In other Calavo Growers news, VP Michael A. Browne sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the transaction, the vice president now owns 13,117 shares of the company’s stock, valued at approximately $1,208,731.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Link Leavens sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $92.31, for a total value of $692,325.00. Following the transaction, the director now directly owns 92,528 shares of the company’s stock, valued at approximately $8,541,259.68. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.
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Calavo Growers Company Profile
Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.
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