Calavo Growers (NASDAQ:CVGW) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Posted by Patrick Bannon on Mar 12th, 2025

Calavo Growers (NASDAQ:CVGW – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04, Zacks reports. Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%.

Calavo Growers Stock Performance

Shares of Calavo Growers stock traded down $0.61 during trading on Wednesday, reaching $21.78. The company’s stock had a trading volume of 223,321 shares, compared to its average volume of 193,342. The business’s fifty day moving average price is $23.55 and its 200-day moving average price is $25.77. Calavo Growers has a one year low of $20.30 and a one year high of $31.26. The firm has a market cap of $387.68 million, a price-to-earnings ratio of -363.00 and a beta of 0.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.70 and a current ratio of 2.17.

Calavo Growers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, January 10th. Calavo Growers’s dividend payout ratio is currently -1,333.33%.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased their target price on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

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Calavo Growers Company Profile

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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.