Fresh Del Monte Produce (FDP) to Release Quarterly Earnings on Wednesday

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to post 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 results on Monday, February 24th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $0.25 earnings per share. The company's revenue was up .5% on a year-over-year basis.

Fresh Del Monte Produce Stock Up 1.4 %

Shares of FDP stock opened at $33.78 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. The stock has a market cap of $1.62 billion, a PE ratio of 102.37 and a beta of 0.36. The business's fifty day moving average is $30.56 and its 200-day moving average is $31.50. Fresh Del Monte Produce has a 1 year low of $21.23 and a 1 year high of $35.27.

Fresh Del Monte Produce announced that its Board of Directors has approved a stock buyback plan on Monday, February 24th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Fresh Del Monte Produce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. This is an increase from Fresh Del Monte Produce's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 10th. Fresh Del Monte Produce's dividend payout ratio is currently 40.40%.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, CFO Monica Vicente sold 2,532 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.42, for a total transaction of $77,023.44. Following the transaction, the chief financial officer now owns 10,808 shares in the company, valued at $328,779.36. This trade represents a 18.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mohammed Abbas sold 5,064 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.42, for a total transaction of $154,046.88. Following the completion of the sale, the chief operating officer now owns 45,560 shares of the company's stock, valued at $1,385,935.20. The trade was a 10.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,469 shares of company stock valued at $319,190. 30.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.

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