Schaeffer's Top Stock Picks for '25

Analysts Back Food Producer Despite Lackluster Finances

FDP will release Q3 earnings on October 26

facebook X logo linkedin


Fresh Del Monte Produce Inc. (NYSE:FDP) is one of the world’s leading vertically integrated producers, marketers, and distributors of fruit and vegetables, as well as a producer and distributor of prepared food in Europe, Africa, and the Middle East. This afternoon, FDP was last seen up 0.4% at $33.97.

FDP is scheduled to release its quarterly earnings and financial results next week on Tuesday, October 26. Wall Street analysts currently expect that Fresh Del Monte will deliver earnings of $0.35 per share in the upcoming Q3 earnings report.

Fresh Del Monte stock has increased about 35% year-over-year and is up around 68% since bottoming at a 52-week low of $20.71 last November. Additionally, shares of FDP have grown 33% year-to-date and has shed about 7.5% since hitting its annual high of $36.57 in mid-May. Fresh Del Monte Produce also offers a forward dividend of $0.60 and a dividend yield of 1.77%.

From a fundamental perspective, Fresh Del Monte stock has a decent valuation, with FDP trading at a price-earning ratio of 14.89. However, the security's fundamentals are relatively weak.  

FDP's balance sheet doesn’t provide much security either, with the total cash balance at $19.6 million and the total debt at $666.4 million. Overall, even Fresh Del Monte stock’s valuation seems much less attractive when looking at FDP’s forward price-earnings of 17.92, which suggests an expected decrease in earnings.

Regardless, analysts are looking optimistic toward the security. In fact, heading into today, both of the covering brokerages sport a "buy" recommendation on Fresh Del Monte Stock.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));