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

Fresh Del Monte Produce (NYSE:FDP) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect Fresh Del Monte Produce to post earnings of $0.62 per share and revenue of $1.12 billion for the quarter.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis.

Fresh Del Monte Produce Trading Up 1.4 %

Shares of FDP opened at $33.78 on Wednesday. The stock’s fifty day simple moving average is $30.56 and its 200-day simple moving average is $31.50. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.62 billion, a PE ratio of 102.37 and a beta of 0.36. Fresh Del Monte Produce has a 12-month low of $21.23 and a 12-month high of $35.27.

Fresh Del Monte Produce declared that its board has initiated a stock buyback program on Monday, February 24th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Fresh Del Monte Produce Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th.

Insider Buying and Selling

In other Fresh Del Monte Produce news, SVP Marissa R. Tenazas sold 1,148 shares of Fresh Del Monte Produce stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.05, for a total value of $35,645.40. Following the sale, the senior vice president now owns 3,573 shares of the company’s stock, valued at $110,941.65. This trade represents a 24.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ziad Nabulsi sold 1,725 shares of Fresh Del Monte Produce stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.42, for a total value of $52,474.50. Following the completion of the sale, the senior vice president now directly owns 11,498 shares in the company, valued at approximately $349,769.16. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,469 shares of company stock valued at $319,190. 30.10% of the stock is owned by corporate insiders.

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.