Dole (NYSE:DOLE) Releases Earnings Results, Misses Estimates By $0.16 EPS

Dole (NYSE:DOLE) posted its earnings results on Monday. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.16), FiscalAI reports. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Dole had a net margin of 0.63% and a return on equity of 7.06%.

Dole Stock Performance

Dole stock opened at $13.90 on Monday. The company’s 50-day moving average price is $13.30 and its 200-day moving average price is $14.27. The company has a quick ratio of 0.98, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.31 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. Dole has a twelve month low of $12.59 and a twelve month high of $16.57.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $14.00 target price on Dole in a research report on Tuesday, August 11th. Freedom Broker began coverage on Dole in a report on Wednesday, November 4th. They set a “strong-buy” rating for the company. Zacks Research raised Dole from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Weiss Ratings cut Dole from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.00.

About Dole

Dole plc is a global producer, marketer and distributor of fresh fruit and vegetables. The company supplies a broad portfolio of products, including bananas, pineapples, grapes, berries, citrus fruit, avocados, salads and other packaged and prepared produce. Its activities span farming, sourcing, processing, packaging, transportation and distribution.

Dole serves retail, foodservice and wholesale customers through operations and supply networks across North America, Europe, Latin America, Africa and other international markets.