Fresh Del Monte Produce (NYSE:FDP) Announces Quarterly Earnings Results

Fresh Del Monte Produce (NYSE:FDP) announced its quarterly earnings data on Thursday. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.47 by $0.30, Briefing.com reports. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $989.45 million. During the same period in the previous year, the business posted $0.35 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Stock Performance

Shares of FDP traded up $3.02 during trading hours on Thursday, hitting $32.11. The stock had a trading volume of 559,954 shares, compared to its average volume of 248,641. 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 firm has a 50-day moving average price of $29.10 and a 200 day moving average price of $25.82. Fresh Del Monte Produce has a fifty-two week low of $21.23 and a fifty-two week high of $33.60. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -86.58 and a beta of 0.41.

Insider Activity at Fresh Del Monte Produce

In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.75, for a total value of $150,321.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $27.75, for a total value of $150,321.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Alexandre Apparecido sold 1,500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the sale, the vice president now directly owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,915 shares of company stock worth $301,603 in the last three months. Company insiders own 30.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note 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.