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

Fresh Del Monte Produce (NYSE:FDP) is set to release its earnings data after the market closes on Thursday, May 2nd.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $0.45 EPS. The company’s revenue was down 3.0% on a year-over-year basis.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock traded up $0.07 during mid-day trading on Friday, reaching $25.81. 21,942 shares of the company’s stock traded hands, compared to its average volume of 217,368. Fresh Del Monte Produce has a 12 month low of $21.41 and a 12 month high of $29.13. The firm has a 50 day moving average price of $24.85 and a two-hundred day moving average price of $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 firm has a market capitalization of $1.23 billion, a PE ratio of -103.20 and a beta of 0.56.

Fresh Del Monte Produce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 7th were given a dividend of $0.25 per share. This is an increase from Fresh Del Monte Produce’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. Fresh Del Monte Produce’s payout ratio is presently -400.00%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Ghazaleh Amir Abu bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $23.62 per share, with a total value of $236,200.00. Following the acquisition, the director now owns 3,264,308 shares of the company’s stock, valued at approximately $77,102,954.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Ghazaleh Amir Abu acquired 10,000 shares of the company’s stock in a transaction on 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 acquisition, the director now directly owns 3,264,308 shares of the company’s stock, valued at $77,102,954.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Monica Vicente sold 1,083 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total transaction of $26,371.05. Following the transaction, the chief financial officer now directly owns 5,266 shares of the company’s stock, valued at approximately $128,227.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,569 shares of company stock valued at $258,509. Company insiders own 29.70% of the company’s stock.

About Fresh Del Monte Produce

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.