Fresh Del Monte Produce (FDP) Releases Quarterly Earnings Results

Fresh Del Monte Produce (NYSE:FDP) announced its quarterly earnings data on Tuesday. The company reported ($0.08) EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $953.70 million during the quarter, compared to analysts’ expectations of $925.00 million. Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share.

Fresh Del Monte Produce (FDP) opened at $46.56 on Tuesday. The company has a market cap of $2,315.75, a P/E ratio of 17.12 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.64 and a quick ratio of 1.27. Fresh Del Monte Produce has a 1 year low of $43.02 and a 1 year high of $62.80.

In related news, Director Madeleine L. Champion acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The stock was purchased at an average cost of $52.72 per share, with a total value of $52,720.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 36.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Amalgamated Bank purchased a new position in shares of Fresh Del Monte Produce in the 4th quarter valued at approximately $207,000. ETRADE Capital Management LLC purchased a new position in shares of Fresh Del Monte Produce in the 3rd quarter valued at approximately $213,000. Cubist Systematic Strategies LLC acquired a new position in Fresh Del Monte Produce in the 3rd quarter worth approximately $240,000. Ramsey Quantitative Systems acquired a new position in Fresh Del Monte Produce in the 4th quarter worth approximately $260,000. Finally, Ellington Management Group LLC acquired a new position in Fresh Del Monte Produce in the 4th quarter worth approximately $296,000. 65.23% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History for Fresh Del Monte Produce (NYSE:FDP)

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