Calavo Growers (NASDAQ:CVGW) announced its quarterly earnings results on Thursday. The company reported $0.91 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.91, Briefing.com reports. The firm had revenue of $359.30 million for the quarter, compared to analyst estimates of $327.83 million. Calavo Growers had a net margin of 2.54% and a return on equity of 18.29%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Calavo Growers updated its FY19 guidance to +20% to $2.99 EPS.
Shares of CVGW stock opened at $98.51 on Friday. The company’s fifty day simple moving average is $89.72 and its 200-day simple moving average is $90.62. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.62 billion, a PE ratio of 39.56 and a beta of 1.00. Calavo Growers has a 12 month low of $67.52 and a 12 month high of $108.00.
In other Calavo Growers news, Director Marc Laurence Brown sold 375 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $97.84, for a total transaction of $36,690.00. Following the sale, the director now directly owns 13,375 shares of the company’s stock, valued at $1,308,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Der Kar Scott Van sold 525 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $95.43, for a total transaction of $50,100.75. Following the sale, the director now directly owns 1,750 shares in the company, valued at $167,002.50. The disclosure for this sale can be found here. In the last three months, insiders sold 129,290 shares of company stock worth $12,459,804. 7.30% of the stock is currently owned by insiders.
About Calavo Growers
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.
Read More: Equity Income
Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.