Fresh Del Monte Produce (FDP) Set to Announce Quarterly Earnings on Thursday

Fresh Del Monte Produce (NYSE:FDP) will be posting its quarterly earnings results before the market opens on Thursday, October 31st. Investors that wish to register for the company’s conference call can do so using this link.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.46. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.18 billion. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share.

Fresh Del Monte Produce Price Performance

Shares of FDP stock opened at $28.97 on Thursday. The business’s fifty day moving average is $28.94 and its 200 day moving average is $25.67. 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 stock has a market cap of $1.39 billion, a price-to-earnings ratio of -56.80 and a beta of 0.41. Fresh Del Monte Produce has a twelve month low of $21.23 and a twelve month high of $30.59.

Fresh Del Monte Produce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio is presently -196.08%.

Insider Buying and Selling

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Alexandre Apparecido sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the transaction, the vice president now owns 1,139 shares in the company, valued at approximately $31,390.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the 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. Insiders have sold 10,915 shares of company stock worth $301,603 in the last 90 days. Insiders own 30.10% of the company’s stock.

Analysts Set New Price Targets

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

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.