Fresh Del Monte Produce, Inc. (NYSE:FDP) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FDP to report 3Q20 income of $ 0.34 per share.
For the full year, analysts anticipate top line of $ 4400.55 million, while looking forward to income of $ 1.24 per share bottom line.
Previous Quarter Performance
Fresh Del Monte Produce, Inc. posted income for the second quarter of $ 0.54 per share, from the revenue of $ 1,092.00 million. The quarterly earnings fell 21.74 percent while revenues decreased 11.89 percent compared with the same quarter last year.
According to street consensus, FDP was expected to report 2Q20 income of $ 0.44 per share from revenue of $ 1259.30 million. The bottom line results beat street analysts by $ 0.1 or 22.73 percent, at the same time, top line results fell short of analysts by $ 167.3 million or 13.29 percent.
Stock Performance
Shares of Fresh Del Monte Produce, Inc. traded low $ -0.32 or -1.31 percent on Tuesday, reaching $ 24.06 with volume of 66.40 thousand shares. Fresh Del Monte Produce, Inc. has traded high as $ 24.50 and has cracked $ 23.97 on the downward trend
According to the previous trading day, closing price of $ 24.06, representing a 20.40 % increase from the 52 week low of $ 20.25 and a 34.93 % decrease over the 52 week high of $ 37.47.
The company has a market capital of $ 1.14 billion and is part of the Consumer Defensive sector and Farm Products industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on August 12, 2020, with payment date of September 4, 2020 and ex-dividend date on August 11, 2020.
Conference Call
Fresh Del Monte Produce, Inc. will be hosting a conference call at 10:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.freshdelmonte.com
Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes. The company also produces and distributes prepared fruits and vegetables, juices, beverages, snacks, prepared meals, poultry, and meat products.
