Fresh Del Monte Produce (NYSE:FDP) Issues Earnings Results, Beats Estimates By $0.30 EPS

Fresh Del Monte Produce (NYSE:FDP) announced its quarterly earnings results on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.30, Briefing.com reports. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share.

Fresh Del Monte Produce Stock Up 10.4 %

NYSE FDP traded up $3.02 during trading hours on Thursday, hitting $32.11. The company’s stock had a trading volume of 559,954 shares, compared to its average volume of 248,641. The company has a market capitalization of $1.54 billion, a PE ratio of -86.58 and a beta of 0.41. The company has a current ratio of 2.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce has a 52 week low of $21.23 and a 52 week high of $33.60. The company’s 50-day simple moving average is $29.10 and its two-hundred day simple moving average is $25.82.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total transaction of $41,340.00. Following the transaction, the vice president now owns 1,139 shares of the company’s stock, valued at $31,390.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Alexandre Apparecido sold 1,500 shares of the business’s stock in a transaction dated 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 directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction dated 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. In the last ninety days, insiders sold 10,915 shares of company stock valued at $301,603. Corporate insiders own 30.10% of the company’s stock.

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.