Calavo Growers (CVGW) Releases Earnings Results, Beats Expectations By $0.07 EPS

Calavo Growers (CVGW) reported quarterly earnings results on Monday, Jun-6-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.49. The company posted revenue of $220.30 million in the period, compared to analysts expectations of $242.33 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Calavo Growers closed down -0.77 points or -1.35% at $56.22 with 1,54,101 shares getting traded on Friday. Post opening the session at $57.06, the shares hit an intraday low of $55.97 and an intraday high of $57.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 18, 2016, Kenneth J Catchot (President and COO) sold 45,000 shares at $55.58 per share price. According to the SEC, on Jan 6, 2016, Donald M Sanders (director) sold 15,500 shares at $52.83 per share price. On Oct 13, 2015, Harold S Edwards (director) sold 1,500 shares at $45.44 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company sorts packs and/or ripens avocados tomatoes and/or Hawaiian grown papayas. The Company operates in three business segments: Fresh products Calavo Foods and Renaissance Food Group LLC (RFG). Its Fresh products segment is engaged in the distribution of avocados and other fresh produce products. Its Calavo Foods is engaged in the purchase manufacturing and distribution of prepared products including guacamole tortilla chips and salsa. The RFG segment is engaged in the manufacturing and distribution of fresh-cut fruit ready-to-eat vegetables recipe-ready vegetables and deli meat products.

Calavo Growers

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