Fresh Del Monte Produce (FDP) to Release Earnings on Thursday

Fresh Del Monte Produce (NYSE:FDP) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Persons that are interested in participating in the company’s conference call can do so using this link.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). Fresh Del Monte Produce had a negative net margin of 0.26% and a positive return on equity of 5.11%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.

Fresh Del Monte Produce Stock Performance

Shares of Fresh Del Monte Produce stock traded down $0.01 on Tuesday, reaching $25.70. The stock had a trading volume of 38,667 shares, compared to its average volume of 215,661. Fresh Del Monte Produce has a fifty-two week low of $21.41 and a fifty-two week high of $29.13. The business’s 50-day moving average price is $24.96 and its two-hundred day moving average price is $24.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.01 and a current ratio of 2.12. The stock has a market cap of $1.22 billion, a P/E ratio of -102.84 and a beta of 0.56.

Fresh Del Monte Produce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 7th were given a $0.25 dividend. This is an increase from Fresh Del Monte Produce’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, March 6th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently -400.00%.

Analysts Set New Price Targets

Separately, TheStreet lowered Fresh Del Monte Produce from a “b-” rating to a “c” rating in a report on Monday, February 26th.

Insider Buying and Selling

In related news, Director Ghazaleh Amir Abu acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the transaction, the director now owns 3,264,308 shares of the company’s stock, valued at $77,102,954.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Fresh Del Monte Produce news, SVP Jesus Rodriguez Calvo sold 2,402 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total value of $59,065.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ghazaleh Amir Abu acquired 10,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the transaction, the director now owns 3,264,308 shares of the company’s stock, valued at approximately $77,102,954.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 10,569 shares of company stock valued at $258,509. 36.96% of the stock is owned by company insiders.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.