For its first fiscal quarter (ending March 31), Fresh Del Monte Produce Inc. (NYSE: FDP) has reported a -32% decline in E.P.S. from $0.81 a year ago to $0.55 in the current quarter. For the latest four quarters through March 31, E.P.S. were $-0.51 versus $2.33 for the same period a year ago — a decline of -122%.
Recent Price Action
On 5/2/24, Fresh Del Monte Produce Inc. (NYSE: FDP) stock rose modestly by 0.4%, closing at $26.03. However, below average trading volume at 68% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FDP is expected to continue to be a modest Value Builder.
Fresh Del Monte Produce has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Fresh Del Monte Produce has a good Appreciation Score of 78 but a slightly negative Power Rating of 39, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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