Fresh Del Monte Produce (NYSE:FDP) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Fresh Del Monte Produce (NYSE:FDP) released its quarterly earnings results on Monday. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16), Zacks reports. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%.

Fresh Del Monte Produce Stock Up 0.7 %

FDP opened at $30.83 on Monday. Fresh Del Monte Produce has a twelve month low of $21.23 and a twelve month high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $31.71 and a 200 day moving average price of $30.95. The company has a market cap of $1.48 billion, a PE ratio of 93.43 and a beta of 0.39.

Fresh Del Monte Produce Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.89%. This is an increase from Fresh Del Monte Produce’s previous quarterly dividend of $0.25. Fresh Del Monte Produce’s dividend payout ratio is 303.04%.

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.