Dole (NYSE:DOLE) Issues Earnings Results

Dole (NYSE:DOLE) released its quarterly earnings results on Monday. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46, FiscalAI reports. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Dole had a return on equity of 7.63% and a net margin of 0.46%.

Dole Price Performance

Shares of Dole stock opened at $13.80 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 1.25. The stock’s fifty day moving average is $14.08 and its 200 day moving average is $14.73. Dole has a one year low of $12.52 and a one year high of $16.57.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DOLE. Osaic Holdings Inc. grew its stake in shares of Dole by 120.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $26,000 after acquiring an additional 1,004 shares during the period. NewEdge Advisors LLC raised its stake in Dole by 269.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after acquiring an additional 2,709 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Dole during the fourth quarter valued at approximately $58,000. California State Teachers Retirement System lifted its holdings in Dole by 22.8% during the fourth quarter. California State Teachers Retirement System now owns 5,087 shares of the company’s stock valued at $76,000 after purchasing an additional 943 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Dole in the third quarter worth approximately $175,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DOLE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dole in a report on Friday, July 24th. Zacks Research raised shares of Dole from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dole has a consensus rating of “Hold” and an average price target of $15.50.

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.