Revenue Update on Calavo Growers(NASDAQ:CVGW)

Calavo Growers(NASDAQ:CVGW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jun 6, 2016. Company reported revenue of $220.30M. Analysts estimated a revenue of $246.41M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.50.

Calavo Growers (CVGW) shares turned negative on Fridays trading session with the shares closing down -2.44 points or -3.62% at a volume of 3,68,386. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.215. The peak price level was also seen at $67.215 while the days lowest was $64.81. Finally the shares closed at $64.99. The 52-week high of the shares is $67.87 while the 52-week low is $43.08. According to the latest information available, the market cap of the company is $1,133 M.

Several Insider Transactions has been reported to the SEC. On Apr 18, 2016, Kenneth J Catchot (President and COO) sold 45,000 shares at $55.58 per share price.Also, 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.

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