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Last $48.52 USD
Change Today +0.95 / 2.00%
Volume 124.1K
CVGW On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

calavo growers inc (CVGW) Snapshot

Open
$47.21
Previous Close
$47.57
Day High
$48.60
Day Low
$46.50
52 Week High
03/24/15 - $53.56
52 Week Low
05/16/14 - $29.59
Market Cap
839.4M
Average Volume 10 Days
94.4K
EPS TTM
$1.63
Shares Outstanding
17.3M
EX-Date
11/13/14
P/E TM
29.7x
Dividend
$0.75
Dividend Yield
1.55%
Current Stock Chart for CALAVO GROWERS INC (CVGW)

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calavo growers inc (CVGW) Details

Calavo Growers, Inc. markets, and distributes avocados, prepared avocados, and other perishable foods to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment grades, sizes, packs, cools, and ripens avocados for delivery to the customers; and procures avocados grown in Chile and Mexico, as well as various other commodities, including tomatoes, papayas, and pineapples. The Calavo Foods segment procures and processes avocados into various guacamole products; distributes the processed products to customers; and prepares various fresh salsa products. The RFG segment produces, markets, and distributes fresh-cut fruits, ready-to-eat vegetables, recipe-ready vegetables, and deli meat products. The company offers its products primarily under the Calavo and RFG brands, and related logos; and Avo Fresco, Bueno, Calavo Gold, Calavo Salsa Lisa, Salsa Lisa, Celebrate the Taste, El Dorado, Fresh Ripe, Select, Taste of Paradise, The First Name in Avocados, Tico, Mfresh, Maui Fresh International, Triggered Avocados, ProRipeVIP, Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials trademarks. The company was founded in 1924 and is headquartered in Santa Paula, California.

1,987 Employees
Last Reported Date: 01/30/15
Founded in 1924

calavo growers inc (CVGW) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.4M
Chief Financial Officer, Chief Operations Off...
Total Annual Compensation: $737.4K
Vice President of Fresh Operations
Total Annual Compensation: $508.7K
Vice President of Fresh Sales & Marketing
Total Annual Compensation: $508.7K
Vice President of Processed Product Sales & O...
Total Annual Compensation: $508.7K
Compensation as of Fiscal Year 2014.

calavo growers inc (CVGW) Key Developments

Calavo Growers, Inc. Announces Expansion of Fresh Avocado Packing Operations

Calavo Growers Inc. announced that the company is expanding its Mexican fresh avocado operations through construction of a packinghouse in Ciudad Guzmán, Jalisco, a prime growing region about 85 miles south of Guadalajara. The addition of the 70,000-square-foot facility being built on a sizable tract of owned property that affords room for future growth will substantially increase Calavo’s total annual fresh avocado packing capacity, stated the company, a global avocado industry leader and expanding provider of value-added fresh food. In conjunction with Calavo’s existing Mexican operations in Uruapan, Michoacán, the new facility expected to come online by this July, 2015 will pack fresh avocados for export to the United States and international destinations, while playing an instrumental role in the company’s ongoing market-share-building initiatives.

Calavo Growers Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015; Provides Earnings Guidance for 2015

Calavo Growers Inc. reported unaudited consolidated earnings results for the first quarter ended January 31, 2015. For the quarter, the company reported net sales of $194,791,000, operating income of $8,295,000, income before provision for income taxes of $8,189,000 and net income attributable to company of $5,299,000 or $0.31 per diluted share compared to net sales of $168,165,000, operating loss of $3,869,000, loss before provision for income taxes of $3,990,000 and net loss attributable to company of $1,766,000 or $0.11 per diluted share reported in the same period last year. The company expects to record revenues and earnings per share in fiscal 2015.

Levi & Korsinsky Announces Class Action Lawsuit Against Calavo Growers, Inc

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Calavo Growers Inc. securities between March 5, 2012 and January 14, 2015. The complaint alleges that during the Class Period defendants concealed that: (a) the Company failed to maintain an accurately valued contingent consideration pursuant to its acquisition of Renaissance Food Group, LLC; (b) Calavo overstated its non-cash operating expenses; (c) the company lacked adequate internal controls over financial reporting; and (d) as a result, the Company's financial statements were materially false and misleading. On January 15, 2015, Calavo announced it will record a non-cash charge totaling $88.9 million before tax, which the company will treat as amortization expenses related to the misstatement in its treatment of contingent consideration.

 

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Industry Analysis

CVGW

Industry Average

Valuation CVGW Industry Range
Price/Earnings 100.0x
Price/Sales 1.0x
Price/Book 4.6x
Price/Cash Flow 114.9x
TEV/Sales 0.9x
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