Dole (NYSE:DOLE – Get Free Report) released its earnings results on Monday. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46, FiscalAI reports. Dole had a return on equity of 7.63% and a net margin of 0.46%.The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.53 billion.
Dole Price Performance
DOLE opened at $13.80 on Monday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.54 and a beta of 0.63. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. Dole has a 12-month low of $12.52 and a 12-month high of $16.57. The business’s fifty day simple moving average is $14.08 and its 200-day simple moving average is $14.73.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on DOLE. Zacks Research upgraded Dole from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dole in a research report on Friday, July 24th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Dole presently has a consensus rating of “Hold” and an average price target of $15.50.
Institutional Trading of Dole
A number of hedge funds have recently added to or reduced their stakes in DOLE. Balyasny Asset Management L.P. purchased a new position in Dole during the third quarter valued at approximately $10,924,000. Panview Capital Ltd lifted its holdings in Dole by 104.6% during the fourth quarter. Panview Capital Ltd now owns 1,431,975 shares of the company’s stock worth $21,465,000 after buying an additional 731,975 shares during the period. Fort Baker Capital Management LP purchased a new stake in Dole during the third quarter worth $7,469,000. Dimensional Fund Advisors LP boosted its position in Dole by 13.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,203 shares of the company’s stock valued at $65,044,000 after acquiring an additional 523,287 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Dole during the 1st quarter valued at $6,749,000.
About Dole
Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.
The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.
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