Calavo Growers Inc. has a 12 month low of $43.08 and a 12 month high of $68.82. The company’s 50 day moving average is $62.81 and its 200 day moving average is $59.65.
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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. (NASDAQ:CVGW) is performing 40.27%. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The company’s price to sales ratio for trailing twelve months is 1.37 and price to book ratio for most recent quarter is 5.83, whereas price to cash per share for the most recent quarter is 150.08. Following the completion of the sale, the director now owns 15,137 shares in the company, valued at $809,829.50.
This left Calavo at $28.8 million in net income, or $1.65 per diluted share for the fiscal year so far, exceeding earnings for 2015.
For the three months ended July 31, 2016, net income advanced 47.5 percent to $12.7 million, equal to $0.73 per diluted share, from $8.6 million, or $0.50 per diluted share, in the corresponding quarter past year.
Income rose to $12.7 million for the quarter, compared to $8.6 million for the same period previous year, and earnings per diluted share rose to 73 cents, a 46 percent increase. The company’s revenue was up 13.2% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in CVGW.
“Measured by almost every key metric, Calavo’s record-setting third-quarter operating performance extends the strong financial results posted in the first half of this fiscal year”, chairman and CEO Lee Cole said. Squarepoint Ops LLC purchased a new stake in shares of Calavo Growers during the first quarter worth about $346,000.
The Santa Paula, California-based company said it had profit of 73 cents per share. Sales are expected to grow at a 4.90% rate. Finally, Capstone Asset Management Co. raised its stake in shares of Calavo Growers by 13.7% in the second quarter. Operating income registered an increase of 49.1 percent in the most recent quarter, growing to $20.4 million from $13.7 million in the third quarter a year ago. “We are squarely on target to post record revenues and earnings per share for the current fiscal year”. DA Davidson restated a “neutral” rating and issued a $56.00 price objective on shares of Calavo Growers in a report on Sunday, June 5th.
06/22/2016 – Wunderlich began new coverage on Calavo Growers, Inc. giving the company a “buy” rating. They now have a United States dollars 75 price target on the stock. Stephens increased their price objective on shares of Calavo Growers from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. Lake Street Capital reiterated a “buy” rating on shares of Calavo Growers in a research report on Monday, June 6th. They now have a United States dollars 65 price target on the stock. The analyst recommendations from a month ago are 12 Buy, 1 Overweight, 0 Sell, 6 Hold and 0 Underweight.
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Calavo Growers, Inc (Calavo) is a provider of fresh food. It also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores and restaurants.
