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

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Investors interested in participating in the company's conference call can do so using this link.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.46. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis.

Fresh Del Monte Produce Stock Down 0.1 %

Shares of FDP stock traded down $0.02 during mid-day trading on Thursday, reaching $28.95. 128,388 shares of the company were exchanged, compared to its average volume of 248,708. Fresh Del Monte Produce has a fifty-two week low of $21.23 and a fifty-two week high of $30.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08. The company has a market capitalization of $1.39 billion, a P/E ratio of -56.76 and a beta of 0.41. The business's 50 day simple moving average is $28.99 and its 200 day simple moving average is $25.72.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Thursday, August 15th. Fresh Del Monte Produce's payout ratio is currently -196.08%.

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 on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the completion of the transaction, the vice president now owns 1,139 shares of the company's stock, valued at $31,390.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of Fresh Del Monte Produce stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the completion of the transaction, the vice president now owns 1,139 shares of the company's stock, valued at $31,390.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce stock in a transaction on 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. Insiders sold a total of 10,915 shares of company stock valued at $301,603 over the last 90 days. 30.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a research report on Monday, August 5th.

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.