(DOLE) (DOLE) Stock Price, News & Analysis

Company Overview

Dole Food Company, Inc. (Dole) is a producer, marketer and distributor of fresh fruit and fresh vegetables. The Company is a producer of bananas and pineapples, and packaged fruit products, packaged salads and fresh-packed vegetables. The Company has three business segments: fresh fruit, fresh vegetables and packaged foods. The fresh fruit segment contains operating divisions that produce and market fresh fruit to wholesale, retail and institutional customers worldwide. The fresh vegetables segment produces and markets fresh-packed and value-added vegetables and salads to wholesale, retail and institutional customers, primarily in North America and Europe. The packaged foods segment contains several operating divisions that produce and market packaged foods, including fruit, juices, frozen fruit and healthy snack foods. In November 2013, Dole Food Company, Inc announced that an investor group acquired the remaining 60.43% interest in the Company.

Key Stats

• Today's Range: $12.78 to $13.06
• 50-Day Range: N/A
• 52-Week Range: N/A
• Volume: 496,594 shs
• Average Volume: 394,977 shs
• Market Capitalization: $1.29 billion
• P/E Ratio: 6.94
• Dividend Yield: 2.35%
• Price Target: $16.67
• Consensus Rating: Hold

(DOLE) Stock Analysis - MarketRank™

(DOLE) scored higher than 61% of companies evaluated by MarketBeat, and ranked 83rd out of 151 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

(DOLE) has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

(DOLE) has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 15.97%

Earnings Growth

Earnings for (DOLE) are expected to grow by 15.97% in the coming year, from $1.19 to $1.38 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of (DOLE) is 6.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of (DOLE) is 6.94, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 16.02.

Price to Earnings Growth Ratio

(DOLE) has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.11% of the float of (DOLE) has been sold short.

Short Interest Ratio / Days to Cover

(DOLE) has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in (DOLE) has recently increased by 11.57%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

(DOLE) pays a meaningful dividend of 2.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

(DOLE) does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of (DOLE) is 16.33%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, (DOLE) will have a dividend payout ratio of 23.19% next year. This indicates that (DOLE) will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.11% of the float of (DOLE) has been sold short.

Short Interest Ratio / Days to Cover

(DOLE) has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in (DOLE) has recently increased by 11.57%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for (DOLE) this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for DOLE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, (DOLE) insiders have not sold or bought any company stock.

Percentage Held by Insiders

41.80% of the stock of (DOLE) is held by insiders. A high percentage of insider ownership can be a sign of company health.

DOLE Stock Analysis - Frequently Asked Questions

How were (DOLE)'s earnings last quarter?

(DOLE) (NYSE:DOLE) announced its quarterly earnings results on Wednesday, November, 13th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.01. The company's revenue was up .9% compared to the same quarter last year.

When did (DOLE) IPO?

(DOLE) (DOLE) raised $500 million in an initial public offering on Friday, July 30th 2021. The company issued 30,300,000 shares at a price of $16.00-$17.00 per share. Goldman Sachs, Deutsche Bank, Davy Group, BofA Securities, BMO Capital Markets, Rabo Securities and Stephens Inc. served as the underwriters for the IPO.

Who are (DOLE)'s major shareholders?

Top institutional shareholders of (DOLE) include River Road Asset Management LLC (4.01%), Dimensional Fund Advisors LP (2.48%), Southeastern Asset Management Inc. TN (2.48%) and American Century Companies Inc. (2.26%).
View institutional ownership trends.

What other stocks do shareholders of (DOLE) own?

Based on aggregate information from My MarketBeat watchlists, some other companies that (DOLE) investors own include American Water Works (AWK), Humana (HUM), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 11/13/2024
• Ex-Dividend for 1/3 Dividend: 12/11/2024
• Dividend Payable: 1/03/2025
• Today: 2/21/2025
• Next Earnings (Confirmed): 2/26/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Agricultural production - crops
• Sub-Industry: Packaged Foods & Meats
• Current Symbol: NYSE:DOLE
• CUSIP: 25660310
• CIK: 18169
• Web: www.dole.com
• Phone: +1-818-8796600
• Fax: 353-1887-2731
• Employees: 34,078
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.67
• High Stock Price Target: $20.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +22.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.96
• Trailing P/E Ratio: 6.94
• Forward P/E Ratio: 11.46
• P/E Growth: 1.54
• Net Income: $124.06 million
• Net Margins: 2.23%
• Pretax Margin: 2.77%
• Return on Equity: 8.35%
• Return on Assets: 2.67%

Debt

• Debt-to-Equity Ratio: 0.59
• Current Ratio: 1.24
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $8.25 billion
• Price / Sales: 0.16
• Cash Flow: $2.18 per share
• Price / Cash Flow: 6.25
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 94,930,000
• Free Float: 55,249,000
• Market Cap: $1.29 billion
• Optionable: Optionable
• Beta: 0.81