Dole (NYSE:DOLE) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Dole (NYSE:DOLE) issued its quarterly earnings data on Monday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.16), FiscalAI reports. The company had revenue of $2.37 billion during 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 Up 0.2%

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 business has a 50-day moving average of $13.30 and a two-hundred day moving average of $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 capitalization of $1.31 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74.

Wall Street Analysts Forecast Growth

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