Calavo Growers (NASDAQ:CVGW) Releases Quarterly Earnings Results

Posted by William Tyler on Jan 14th, 2025

Calavo Growers (NASDAQ:CVGW – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25), Briefing.com reports. The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. Calavo Growers had a negative net margin of 1.21% and a positive return on equity of 6.35%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) earnings per share.

Calavo Growers Stock Up 2.5 %

Shares of NASDAQ CVGW traded up $0.59 during midday trading on Tuesday, reaching $24.16. The company’s stock had a trading volume of 257,859 shares, compared to its average volume of 202,063. The stock has a 50 day simple moving average of $26.40 and a 200-day simple moving average of $25.66. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $430.05 million, a price-to-earnings ratio of -48.32 and a beta of 0.58. Calavo Growers has a fifty-two week low of $20.30 and a fifty-two week high of $31.26.

Calavo Growers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, January 10th. Calavo Growers’s dividend payout ratio (DPR) is currently -160.00%.

Calavo Growers Company Profile

(Get Free Report)

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 worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.