Calavo Growers Inc. (CVGW) Set to Announce Earnings on Thursday
Calavo Growers Inc. (NASDAQ:CVGW) will post its Q3 quarterly earnings results before the market opens on Thursday, September 8th. Analysts expect Calavo Growers to post earnings of $0.59 per share for the quarter.
Shares of Calavo Growers Inc. (NASDAQ:CVGW) opened at 59.49 on Wednesday. Calavo Growers Inc. has a 12 month low of $43.08 and a 12 month high of $68.82. The company has a market cap of $1.04 billion and a P/E ratio of 34.99. The stock’s 50 day moving average is $62.81 and its 200 day moving average is $59.65.
Several equities analysts have recently weighed in on CVGW shares. DA Davidson restated a “neutral” rating and set a $56.00 price target on shares of Calavo Growers in a report on Sunday, June 5th. Wunderlich started coverage on Calavo Growers in a report on Wednesday, June 22nd. They set a “buy” rating and a $75.00 price target for the company. Lake Street Capital restated a “buy” rating on shares of Calavo Growers in a report on Monday, June 6th. Stephens raised their price target on Calavo Growers from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. Finally, Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Calavo Growers presently has a consensus rating of “Buy” and an average price target of $63.56.
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In other Calavo Growers news, Director Marc Laurence Brown sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $67.23, for a total transaction of $67,230.00. Following the completion of the sale, the director now directly owns 10,750 shares in the company, valued at approximately $722,722.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donald M. Sanders sold 8,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $52.50, for a total value of $420,000.00. Following the sale, the director now owns 15,137 shares of the company’s stock, valued at $794,692.50. The disclosure for this sale can be found here.
Calavo Growers, Inc (Calavo) is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados, prepared avocados and other perishable foods. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.
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