DOLE Stock Recent News

Dole Plc Stock: Bullish As Declining Debt Unlock Values

Compass Group PLC (LSE:CPG) is "likely" to lift its financial outlook when it reports results, according to Citigroup. The US investment bank thinks this will "drive improved sentiment" in the catering giant's shares following the numbers in mid-May.

Dole (DOLE) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.09 per share a year ago.

Dole Fresh Vegetables is recalling certain salad kits over concerns that they may be contaminated with potentially harmful bacteria.

DUBLIN--(BUSINESS WIRE)--Dole plc (NYSE: DOLE) will announce its financial results for the fourth quarter and full year of 2023 on Thursday, February 29, 2024, prior to the market opening. The company's management will host a webcast and conference call on the same day at 08:00 a.m. Eastern Time. A presentation to accompany the discussion will be uploaded to the company website along with a press release and other supplemental financial information. The live webcast and a replay after the event.

Dole plc gets a buy rating, agreeing with today's consensus from Wall Street and SA analysts. Proven YoY growth in revenue, earnings, and equity while long-term debt has declined, while YoY revenue growth exceeds the sector average. Dividend yield of 2.8% less than peers, and dividend growth is unremarkable, but the share price is trading well below its moving average.

Here is how Dole (DOLE) and PepsiCo (PEP) have performed compared to their sector so far this year.

Dole (DOLE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Dole plc, a global leader, is expected to improve its financial performance following the sale of its underperforming vegetable division, as well as continued industry strength. Despite operating in a highly competitive, low-margin industry, Dole has managed to grow its revenue healthily and expand globally. Compared to other low-margin food businesses, Dole looks attractive, with its relative valuation implying upside.

Investors interested in Agriculture - Operations stocks are likely familiar with Dole (DOLE) and Corteva, Inc. (CTVA). But which of these two stocks is more attractive to value investors?