Calavo Growers (CVGW) Releases Quarterly Earnings, Misses Expectations By $0.02 EPS
Calavo Growers (NASDAQ: CVGW) announced its earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.02. The company had revenue of $139.50 million for the quarter, compared to the consensus estimate of $126.68 million.
On a related note, analysts at Wedbush raised their price target on shares of Calavo Growers from $28.00 to $30.00 in a research note to investors on Monday, February 11th.
Four equities research analysts have rated the stock with a buy rating, one has given an overweight rating, and one has given a hold rating to the company’s stock. The stock has a consensus rating of “overweight” and an average target price of $30.60.
Shares of Calavo Growers (CVGW) opened at 27.63 on Tuesday. Calavo Growers (CVGW) has a 52 week low of $21.63 and a 52 week high of $30.18. The stock’s 50-day moving average is currently $25.97. The company has a market cap of $409.7 million and a P/E ratio of 24.03.
Calavo Growers, Inc. (Calavo) procures and markets avocados and other perishable commodities, and prepares and distributes processed avocado products.
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