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

by · The Markets Daily

Fresh Del Monte Produce (NYSE:FDP – Get Free Report) issued its earnings results on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $989.45 million. During the same period in the prior year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Stock Up 10.4 %

Shares of Fresh Del Monte Produce stock traded up $3.02 on Thursday, reaching $32.11. The stock had a trading volume of 559,954 shares, compared to its average volume of 248,641. The company has a 50 day moving average price of $29.10 and a 200 day moving average price of $25.82. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. Fresh Del Monte Produce has a 1 year low of $21.23 and a 1 year high of $33.60. The stock has a market capitalization of $1.54 billion, a P/E ratio of -86.58 and a beta of 0.41.

Analyst Upgrades and Downgrades

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.

Get Our Latest Report on FDP

Insider Transactions at Fresh Del Monte Produce

In other news, CFO Monica Vicente sold 1,800 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.44, for a total value of $49,392.00. Following the transaction, the chief financial officer now owns 3,466 shares of the company’s stock, valued at $95,107.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fresh Del Monte Produce news, CFO Monica Vicente sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.44, for a total transaction of $49,392.00. Following the sale, the chief financial officer now owns 3,466 shares of the company’s stock, valued at approximately $95,107.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the business’s stock in a transaction that occurred 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 have sold a total of 10,915 shares of company stock valued at $301,603 in the last 90 days. Insiders own 30.10% of the company’s stock.

About Fresh Del Monte Produce

(Get Free Report)

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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