Fresh Del Monte Produce, Inc. (FDP) Set to Announce Quarterly Earnings on Monday
Fresh Del Monte Produce, Inc. (NYSE:FDP) is scheduled to be announcing its earnings results before the market opens on Monday, October 30th.
Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.15). Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The business had revenue of $1.15 billion for the quarter. During the same quarter in the previous year, the company earned $1.75 earnings per share. Fresh Del Monte Produce’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect Fresh Del Monte Produce to post $3.88 EPS for the current fiscal year and $4.06 EPS for the next fiscal year.
Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at 47.55 on Monday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 15.12 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a one year low of $45.31 and a one year high of $66.86. The company’s 50-day moving average price is $46.58 and its 200-day moving average price is $50.86.
In related news, VP Mohammed Abbas sold 4,366 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.38, for a total value of $206,861.08. Following the sale, the vice president now directly owns 4,366 shares in the company, valued at approximately $206,861.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marissa R. Tenazas sold 1,219 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $46.94, for a total value of $57,219.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,189 shares of company stock worth $2,692,266. 36.90% of the stock is owned by insiders.
About Fresh Del Monte Produce
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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