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

Fresh Del Monte Produce (NYSE:FDP) announced its quarterly earnings data on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16), Zacks reports. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%.

Fresh Del Monte Produce Stock Up 0.7 %

Shares of NYSE FDP opened at $30.83 on Monday. Fresh Del Monte Produce has a 12-month low of $21.23 and a 12-month high of $35.27. The stock has a market cap of $1.48 billion, a PE ratio of 93.43 and a beta of 0.39. 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 company has a 50-day moving average of $31.71 and a 200 day moving average of $30.95.

Fresh Del Monte Produce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.89%. This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.25. Fresh Del Monte Produce’s dividend payout ratio is currently 303.04%.

Fresh Del Monte Produce Company Profile

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.