Fresh Del Monte Produce (FDP) Expected to Announce Earnings on Wednesday

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $1.12 billion for the quarter.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.14 billion. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share.

Fresh Del Monte Produce Stock Down 0.2 %

FDP traded down $0.08 during mid-day trading on Monday, reaching $34.35. 77,063 shares of the stock were exchanged, compared to its average volume of 313,620. Fresh Del Monte Produce has a 1 year low of $21.23 and a 1 year high of $35.27. The stock has a market capitalization of $1.65 billion, a PE ratio of 104.29 and a beta of 0.36. The company has a 50 day moving average price of $30.81 and a two-hundred day moving average price of $31.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

Fresh Del Monte Produce declared that its board has authorized a share buyback plan on Monday, February 24th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Fresh Del Monte Produce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a $0.30 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from Fresh Del Monte Produce's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. Fresh Del Monte Produce's dividend payout ratio is currently 40.40%.

Analysts Set New Price Targets

Separately, StockNews.com cut Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th.

Insider Buying and Selling

In other news, SVP Marissa R. Tenazas sold 1,148 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.05, for a total value of $35,645.40. Following the transaction, the senior vice president now owns 3,573 shares of the company's stock, valued at $110,941.65. This represents a 24.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ziad Nabulsi sold 1,725 shares of Fresh Del Monte Produce stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $30.42, for a total value of $52,474.50. Following the sale, the senior vice president now directly owns 11,498 shares of the company's stock, valued at approximately $349,769.16. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,469 shares of company stock valued at $319,190. Company 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.