Dole (NYSE:DOLE – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.16), FiscalAI reports. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Dole had a return on equity of 7.06% and a net margin of 0.63%.
Dole Trading Up 0.2%
Shares of DOLE opened at $13.90 on Monday. Dole has a 12 month low of $12.59 and a 12 month high of $16.57. The stock’s 50-day moving average is $13.30 and its two-hundred day moving average is $14.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.98. The stock has a market cap of $1.31 billion, a PE ratio of 22.42, a P/E/G ratio of 1.52 and a beta of 0.74.
Analyst Ratings Changes
A number of analysts have recently issued reports on DOLE shares. Freedom Broker initiated coverage on Dole in a report on Wednesday, November 4th. They set a “strong-buy” rating for the company. Weiss Ratings lowered shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. Deutsche Bank Aktiengesellschaft set a $14.00 price target on shares of Dole in a report on Tuesday, August 11th. Finally, Zacks Research raised shares of Dole from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.
Get Our Latest Stock Analysis on Dole
Dole Company Profile
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.
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