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

Calavo Growers (NASDAQ:CVGW) issued its earnings results on Tuesday. The company reported $0.05 EPS 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 during the quarter, compared to the consensus estimate of $161.99 million. During the same quarter in the prior year, the company earned ($0.33) earnings per share. Calavo Growers’s revenue was up 19.5% on a year-over-year basis.

Calavo Growers Stock Performance

CVGW stock opened at $24.16 on Wednesday. Calavo Growers has a 1-year low of $20.30 and a 1-year high of $31.26. The business has a 50-day moving average price of $26.40 and a 200 day moving average price of $25.66. The company has a market capitalization of $430.05 million, a P/E ratio of -48.32 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77.

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 given a dividend of $0.20 per share. 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 payout ratio is -160.00%.

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 through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.