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

Fresh Del Monte Produce (NYSE:FDP) is scheduled to release its earnings data before the market opens on Thursday, October 31st. Individual interested in participating in the company’s earnings conference call can do so using this link.

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

Fresh Del Monte Produce Trading Up 0.4 %

NYSE FDP opened at $28.97 on Thursday. 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’s 50-day simple moving average is $28.94 and its two-hundred day simple moving average is $25.67. Fresh Del Monte Produce has a twelve month low of $21.23 and a twelve month high of $30.59. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -56.80 and a beta of 0.41.

Fresh Del Monte Produce Announces Dividend

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

Insiders Place Their Bets

In other news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Fresh Del Monte Produce news, CFO Monica Vicente sold 1,800 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $27.44, for a total transaction of $49,392.00. Following the completion of the sale, the chief financial officer now owns 3,466 shares of the company’s stock, valued at $95,107.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 10,915 shares of company stock valued at $301,603 over the last three months. Insiders own 30.10% of the company’s stock.

Wall Street Analyst Weigh In

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.

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.