Earnings and Growth Analysis : Calavo Growers Stock Forecast, Price & News (NASDAQ:CVGW)

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Earnings results for Calavo Growers Stock Forecast, Price & News (NASDAQ:CVGW)

Calavo Growers, Inc. is expected* to report earnings on 09/08/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.69. The reported EPS for the same quarter last year was $0.91.

Calavo Growers last announced its earnings results on June 8th, 2020. The reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.08. The company earned $281.20 million during the quarter, compared to analyst estimates of $315.80 million. Its quarterly revenue was down 1.7% on a year-over-year basis. Calavo Growers has generated $3.02 earnings per share over the last year and currently has a price-to-earnings ratio of 95.1. Calavo Growers has confirmed that its next quarterly earnings report will be published on Tuesday, September 8th, 2020.

Analyst Opinion on Calavo Growers Stock Forecast, Price & News (NASDAQ:CVGW)

4 Wall Street analysts have issued ratings and price targets for Calavo Growers in the last 12 months. Their average twelve-month price target is $72.50, predicting that the stock has a possible upside of 15.48%. The high price target for CVGW is $84.00 and the low price target for CVGW is $53.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Calavo Growers has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $72.50, Calavo Growers has a forecasted upside of 15.5% from its current price of $62.78. Calavo Growers has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Calavo Growers Stock Forecast, Price & News (NASDAQ:CVGW)

Calavo Growers pays a meaningful dividend of 1.75%, higher than the bottom 25% of all stocks that pay dividends. Calavo Growers does not have a long track record of dividend growth. The dividend payout ratio of Calavo Growers is 36.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Calavo Growers will have a dividend payout ratio of 35.48% next year. This indicates that Calavo Growers will be able to sustain or increase its dividend.

Insiders buying/selling: Calavo Growers Stock Forecast, Price & News (NASDAQ:CVGW)

In the past three months, Calavo Growers insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $98,272.00 in company stock. Only 6.30% of the stock of Calavo Growers is held by insiders. 84.58% of the stock of Calavo Growers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Calavo Growers Stock Forecast, Price & News (NASDAQ:CVGW

Earnings for Calavo Growers are expected to grow by 68.48% in the coming year, from $1.84 to $3.10 per share. The P/E ratio of Calavo Growers is 95.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.61. The P/E ratio of Calavo Growers is 95.12, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 49.56. Calavo Growers has a P/B Ratio of 3.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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