Fresh Del Monte Produce (NYSE:FDP) Announces Quarterly Earnings Results

by · The Cerbat Gem

Fresh Del Monte Produce (NYSE:FDP – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.47 by $0.30, Briefing.com reports. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Stock Down 1.4 %

Shares of NYSE FDP traded down $0.45 during trading on Friday, reaching $31.66. The company had a trading volume of 298,091 shares, compared to its average volume of 248,875. Fresh Del Monte Produce has a 12-month low of $21.23 and a 12-month high of $33.60. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average is $29.25 and its 200 day moving average is $25.91. The stock has a market cap of $1.52 billion, a PE ratio of -83.39 and a beta of 0.41.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.16%. Fresh Del Monte Produce’s payout ratio is currently -263.16%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Get Our Latest Analysis on Fresh Del Monte Produce

Insider Buying and Selling at Fresh Del Monte Produce

In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the sale, the vice president now directly owns 1,139 shares in the company, valued at $31,390.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.75, for a total transaction of $150,321.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,915 shares of company stock worth $301,603. 30.10% of the stock is owned by corporate insiders.

About Fresh Del Monte Produce

(Get Free Report)

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.

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