Fresh Del Monte Produce, Inc. (FDP) Posts Earnings Results, Misses Estimates By $0.62 EPS
Fresh Del Monte Produce, Inc. (NYSE:FDP) issued its quarterly earnings data on Monday. The company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.62), Bloomberg Earnings reports. Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The company had revenue of $952.70 million during the quarter. During the same quarter last year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year.
Fresh Del Monte Produce (NYSE FDP) traded down 9.53% during mid-day trading on Tuesday, reaching $44.13. The company’s stock had a trading volume of 385,582 shares. The stock has a market cap of $2.21 billion, a PE ratio of 14.03 and a beta of 0.43. The company has a 50 day moving average of $46.95 and a 200-day moving average of $50.28. Fresh Del Monte Produce has a 52-week low of $44.10 and a 52-week high of $66.86.
In other Fresh Del Monte Produce news, CFO Richard Contreras sold 7,320 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $48.84, for a total value of $357,508.80. Following the sale, the chief financial officer now owns 7,320 shares in the company, valued at $357,508.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mohammed Abbas sold 4,366 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.38, for a total value of $206,861.08. Following the completion of the sale, the vice president now owns 4,366 shares in the company, valued at approximately $206,861.08. The disclosure for this sale can be found here. Insiders have sold 49,752 shares of company stock worth $2,433,465 in the last quarter. 36.90% of the stock is currently owned by corporate insiders.
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Fresh Del Monte Produce Company Profile
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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