Fresh Del Monte Produce (NYSE:FDP) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Posted by Patrick Bannon on Feb 26th, 2025

Fresh Del Monte Produce (NYSE:FDP – Get Free Report) posted its earnings results on Monday. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16), Zacks reports. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis.

Fresh Del Monte Produce Stock Up 0.7 %

Shares of NYSE FDP opened at $30.16 on Wednesday. The firm has a fifty day simple moving average of $31.56 and a two-hundred day simple moving average of $30.99. Fresh Del Monte Produce has a 12 month low of $21.23 and a 12 month high of $35.27. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.45 billion, a PE ratio of 91.38 and a beta of 0.39.

Fresh Del Monte Produce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a $0.30 dividend. This is a positive change from Fresh Del Monte Produce’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Monday, March 10th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 303.03%.

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

Fresh Del Monte Produce Company Profile

(Get Free Report)

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.