Calavo Growers Got Some Good NewsBy Ryan Adsit
According to TipRanks.com, Aslam is a 5-star analyst with an average return of 20.2% and a 73.8% success rate. Aslam covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Cal-Maine Foods, and Pilgrim’s Pride.
Calavo Growers has an analyst consensus of Moderate Buy, with a price target consensus of $65.
Based on Calavo Growers’ latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $263 million and quarterly net profit of $12.75 million. In comparison, last year the company earned revenue of $208 million and had a net profit of $4.79 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Marc Laurence Brown, a Director at CVGW sold 1,000 shares for a total of $68,860.
Calavo Growers, Inc. procures and markets avocados and other perishable commodities. It operates its business through following segments: Fresh Products, Calavo Foods and Renaissance Food Group. The Fresh Products segment includes all operations that involve the distribution of avocados and other fresh produce products. The Calavo Foods segment represents all operations related to the purchase, manufacturing, and distribution of prepared products, including guacamole, tortilla chips and salsa. The Renaissance Food Group segment represents all operations related to the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipeready vegetables and deli meat products. The company was founded in 1924 and is headquartered in Santa Paula, CA.