Calavo Growers (NASDAQ:CVGW) posted its earnings results on Monday. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.08), Briefing.com reports. The company had revenue of $276.80 million during the quarter, compared to analyst estimates of $267.63 million. Calavo Growers had a negative net margin of 0.74% and a positive return on equity of 10.79%. Calavo Growers’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS.
NASDAQ:CVGW traded down $5.29 during trading hours on Wednesday, reaching $68.06. 648 shares of the stock were exchanged, compared to its average volume of 107,140. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $76.27. Calavo Growers has a 52 week low of $56.06 and a 52 week high of $85.40. The firm has a market cap of $1.20 billion, a PE ratio of -170.58 and a beta of 0.87.
In other Calavo Growers news, Director Donald M. Sanders sold 2,000 shares of the stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $80.00, for a total transaction of $160,000.00. Following the transaction, the director now owns 17,887 shares of the company’s stock, valued at approximately $1,430,960. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert J. Wedin sold 2,335 shares of the stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $80.21, for a total value of $187,290.35. Following the transaction, the vice president now directly owns 9,035 shares in the company, valued at approximately $724,697.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,335 shares of company stock worth $425,820. 4.20% of the stock is currently owned by company insiders.
Calavo Growers Company Profile
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 in three segments: Fresh Products, Calavo Foods, and Renaissance Food Group (RFG).
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