Fresh Del Monte Produce (FDP) Scheduled to Post Earnings on Thursday

Fresh Del Monte Produce (NYSE:FDP) will release its earnings data after the market closes on Thursday, May 2nd. Persons interested in participating in the company’s earnings conference call can do so using this link.

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

Fresh Del Monte Produce Price Performance

NYSE:FDP opened at $25.54 on Wednesday. The company has a fifty day moving average of $24.96 and a 200 day moving average of $24.80. Fresh Del Monte Produce has a 52 week low of $21.41 and a 52 week high of $29.13. The company has a current ratio of 2.12, a quick ratio of 1.01 and a debt-to-equity ratio of 0.21.

Fresh Del Monte Produce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 7th were issued a dividend of $0.25 per share. This is a positive change from Fresh Del Monte Produce’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, March 6th. Fresh Del Monte Produce’s dividend payout ratio is currently -400.00%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, CFO Monica Vicente sold 1,083 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total transaction of $26,371.05. Following the transaction, the chief financial officer now directly owns 5,266 shares of the company’s stock, valued at approximately $128,227.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Fresh Del Monte Produce news, CFO Monica Vicente sold 1,083 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total transaction of $26,371.05. Following the transaction, the chief financial officer now directly owns 5,266 shares of the company’s stock, valued at approximately $128,227.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jesus Rodriguez Calvo sold 2,402 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $24.59, for a total transaction of $59,065.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,569 shares of company stock valued at $258,509. 36.96% of the stock is currently owned by company 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.