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

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

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

Fresh Del Monte Produce Trading Up 0.3 %

Shares of Fresh Del Monte Produce stock traded up $0.07 during trading on Friday, hitting $25.81. 21,942 shares of the company were exchanged, compared to its average volume of 217,368. Fresh Del Monte Produce has a 1-year low of $21.41 and a 1-year high of $29.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.12 and a quick ratio of 1.01. The firm has a market capitalization of $1.23 billion, a P/E ratio of -103.20 and a beta of 0.56. The firm’s fifty day moving average price is $24.85 and its 200 day moving average price is $24.80.

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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.20. Fresh Del Monte Produce’s payout ratio is -400.00%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, SVP Jesus Rodriguez Calvo sold 2,402 shares of the business’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 transaction of $59,065.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fresh Del Monte Produce news, SVP Jesus Rodriguez Calvo sold 2,402 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total transaction of $59,065.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Monica Vicente sold 1,083 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total value of $26,371.05. Following the completion of the sale, the chief financial officer now directly owns 5,266 shares in the company, valued at $128,227.10. The disclosure for this sale can be found here. Insiders have sold 10,569 shares of company stock valued at $258,509 in the last 90 days. 29.70% of the stock is currently owned by insiders.

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.