Fresh Del Monte Produce (NYSE:DMC) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Fresh Del Monte Produce (NYSE:DMC) posted its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04, FiscalAI reports. Fresh Del Monte Produce had a net margin of 1.86% and a return on equity of 5.96%. The firm had revenue of $1.10 billion for the quarter. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis.

Fresh Del Monte Produce Stock Down 4.2%

Shares of NYSE:DMC traded down $1.22 on Thursday, reaching $27.78. 1,426,640 shares of the company’s stock were exchanged, compared to its average volume of 450,753. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 11.37 and a beta of 0.25. Fresh Del Monte Produce has a fifty-two week low of $26.47 and a fifty-two week high of $43.58. The business has a 50-day simple moving average of $30.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.30 and a quick ratio of 1.04.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 10th. This represents a $1.20 annualized dividend and a yield of 4.3%. Fresh Del Monte Produce’s payout ratio is presently 169.01%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Weiss Ratings started coverage on shares of Fresh Del Monte Produce in a research note on Wednesday, August 5th. They issued a “hold (c)” rating on the stock. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Insider Activity

In other Fresh Del Monte Produce news, COO Mohammed Abbas purchased 12,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $358,680.00. Following the acquisition, the chief operating officer owned 71,930 shares of the company’s stock, valued at approximately $2,149,987.70. This represents a 20.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 30.60% of the company’s stock.

Institutional Investors Weigh In On Fresh Del Monte Produce

Several institutional investors and hedge funds have recently bought and sold shares of DMC. NewEdge Advisors LLC bought a new position in Fresh Del Monte Produce in the second quarter worth about $4,023,000. Engineers Gate Manager LP bought a new position in shares of Fresh Del Monte Produce during the second quarter valued at approximately $1,141,000. Outfitters Financial LLC acquired a new stake in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $912,000. Inspire Investing LLC acquired a new stake in shares of Fresh Del Monte Produce during the 3rd quarter worth approximately $635,000. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Fresh Del Monte Produce by 56.3% in the 3rd quarter. SummerHaven Investment Management LLC now owns 35,533 shares of the company’s stock worth $1,050,000 after purchasing an additional 12,806 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Trending Headlines about Fresh Del Monte Produce

Here are the key news stories impacting Fresh Del Monte Produce this week:

• Positive Sentiment: Fresh Del Monte reported third-quarter adjusted EPS of $0.50, beating the consensus estimate of $0.46. Revenue rose 7.2% year over year to approximately $1.10 billion. Del Monte Corporation Reports Third Quarter Earnings for Fiscal 2026
• Positive Sentiment: The company declared a quarterly dividend of $0.30 per share, or $1.20 annualized, representing a yield of roughly 4.1% at the current share price. The dividend is payable December 4 to shareholders of record November 11, with November 10 as the ex-dividend date.
• Positive Sentiment: Management reportedly said the integration of Del Monte Foods is progressing faster than expected, potentially improving operating efficiency and supporting earnings growth. Del Monte Corp Q3 2026 Earnings Call Highlights
• Neutral Sentiment: An investor analysis describes 2027 as a possible turning point for the combined food business, but this is a forward-looking thesis rather than a near-term earnings catalyst. Del Monte 2027 Could Mark a Turning Point
• Negative Sentiment: Despite the EPS beat and revenue growth, revenue reportedly missed forecasts, while quarterly EPS declined from $0.69 a year earlier to $0.50. The company’s net margin was only 0.79%, highlighting continued profitability pressure. Del Monte Meets Q3 Earnings Estimates as Revenue Misses Forecasts

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared fruits and vegetables. Its product portfolio includes bananas, pineapples, melons, avocados, berries, grapes, tomatoes and other fresh produce, along with prepared fruit, vegetables, juices and snacks sold under the Del Monte brand and other labels.

The company manages activities across the produce supply chain, including cultivation, sourcing, harvesting, processing, packaging, transportation and distribution.