Fresh Del Monte Produce (FDP) to Release Earnings on Thursday

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) will post its quarterly earnings results after the market closes on Thursday, May 2nd. Individual interested in participating in the company's earnings conference call can do so using this link.

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

Fresh Del Monte Produce Trading Down 0.5 %

FDP traded down $0.14 during trading on Friday, hitting $25.60. 139,685 shares of the stock were exchanged, compared to its average volume of 218,871. The firm has a 50 day simple moving average of $24.92 and a 200 day simple moving average of $24.81. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -102.40 and a beta of 0.56. Fresh Del Monte Produce has a 1 year low of $21.41 and a 1 year high of $29.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.01 and a current ratio of 2.12.

Fresh Del Monte Produce Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.25 per share. This is an increase from Fresh Del Monte Produce's previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Wednesday, March 6th. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently -400.00%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded Fresh Del Monte Produce from a "b-" rating to a "c" rating in a report on Monday, February 26th.

Insider Activity

In related news, Director Ghazaleh Amir Abu purchased 10,000 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the acquisition, the director now owns 3,264,308 shares of the company's stock, valued at approximately $77,102,954.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ghazaleh Amir Abu purchased 10,000 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the acquisition, the director now owns 3,264,308 shares of the company's stock, valued at approximately $77,102,954.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Monica Vicente sold 1,083 shares of Fresh Del Monte Produce stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total value of $26,371.05. Following the completion of the transaction, the chief financial officer now owns 5,266 shares in the company, valued at $128,227.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,569 shares of company stock worth $258,509. 29.70% 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.