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

Fresh Del Monte Produce (NYSE:FDP) is expected to release its Q1 2025 earnings data 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 earnings results on Monday, February 24th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share.

Fresh Del Monte Produce Stock Performance

Shares of NYSE FDP opened at $34.52 on Tuesday. The firm has a fifty day moving average price of $30.89 and a 200-day moving average price of $31.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a market cap of $1.65 billion, a PE ratio of 104.61 and a beta of 0.36. Fresh Del Monte Produce has a 1 year low of $21.23 and a 1 year high of $35.27.

Fresh Del Monte Produce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.20 annualized dividend and a yield of 3.48%. This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.25. Fresh Del Monte Produce’s payout ratio is presently 40.40%.

Fresh Del Monte Produce declared that its Board of Directors has authorized a share buyback plan on Monday, February 24th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 10.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Fresh Del Monte Produce

In related news, SVP Ziad Nabulsi sold 1,725 shares of the business’s 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 transaction, the senior vice president now owns 11,498 shares of the company’s stock, valued at $349,769.16. The trade was a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Marissa R. Tenazas sold 1,148 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.05, for a total transaction of $35,645.40. Following the completion of the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders sold 10,469 shares of company stock worth $319,190 over the last 90 days. Company insiders own 30.10% of the company’s stock.

Analyst Ratings Changes

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

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.