Media coverage about Calavo Growers (NASDAQ:CVGW) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calavo Growers earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.885940365911 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Calavo Growers announces retirement of Renaissance Food Group President Jim Catchot (freshplaza.com)
- Calavo Growers, Inc. (CVGW) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Calavo Growers, Inc. (CVGW) Announces Dividend Increase – $0.95 Per Share (americanbankingnews.com)
- ETFs with exposure to Calavo Growers, Inc. : October 5, 2017 (finance.yahoo.com)
- Calavo Growers, Inc. Declares 95 Cents Per Share Annual Cash Dividend (finance.yahoo.com)
Calavo Growers (CVGW) traded down 1.73% during midday trading on Wednesday, hitting $71.05. 101,868 shares of the company traded hands. The company has a market cap of $1.25 billion, a PE ratio of 34.32 and a beta of 0.70. The stock has a 50 day moving average price of $70.66 and a 200-day moving average price of $68.96. Calavo Growers has a 12-month low of $48.75 and a 12-month high of $76.85.
Calavo Growers (NASDAQ:CVGW) last released its earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The company had revenue of $301.65 million for the quarter, compared to analysts’ expectations of $278.66 million. During the same quarter in the previous year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Calavo Growers will post $2.06 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.95 per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Calavo Growers’s previous annual dividend of $0.90. Calavo Growers’s payout ratio is 43.48%.
CVGW has been the topic of several research analyst reports. Zacks Investment Research cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub cut shares of Calavo Growers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Buckingham Research decreased their target price on shares of Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.40.
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Calavo Growers Company Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
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