Calavo Growers (NASDAQ:CVGW) Posts Earnings Results, Misses Estimates By $0.25 EPS

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

Calavo Growers Price Performance

Shares of CVGW opened at $24.16 on Wednesday. The company has a market cap of $430.05 million, a price-to-earnings ratio of -48.32 and a beta of 0.58. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $26.40 and a two-hundred day moving average of $25.66. Calavo Growers has a twelve month low of $20.30 and a twelve month high of $31.26.

Calavo Growers Announces Dividend

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

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 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.