
The Dole stock symbol is NYSE: DOLE, and it's listed on the New York Stock Exchange.
Dole Food Company is a multinational fruit and vegetable company that has been around since 1851.
The company's stock has been publicly traded since 1995 and has had its ups and downs over the years.
Dole's stock is often traded alongside other food and beverage companies, which can be a good indicator of the overall market trend.
Financial Performance
Dole plc's revenue has been steadily increasing, reaching $8.25 billion in 2023, a 2.75% growth compared to the previous year.
Dole's financial performance has been solid, with earnings increasing by 43.43% to $124.06 million in 2023.
The company's revenue growth year-over-year (YOY) has been 1%, which is a relatively modest increase.
However, Dole's earnings growth YOY has been a significant -69.2%, indicating a decline in profitability.
Dole's profit margin is 2.23%, which is a decent margin for the company.
Here's a comparison of Dole's financial performance with some key metrics:
Dole's revenue is expected to continue growing, with estimates suggesting it will reach $8,357 USD in 2025 and $8,523 USD in 2026.
Stock Overview
Dole stock is involved in sourcing, processing, marketing, and distribution of fresh fruit and vegetables worldwide. This indicates a significant presence in the global produce industry.
Trading at 50.7% below its estimated fair value suggests that the stock may be undervalued. This could potentially make it a good opportunity for investors.
Earnings for Dole stock grew by 3.1% over the past year, showing a positive trend in the company's financial performance.
Dividend Calendar
Dole stock symbol is known for its consistent dividend payments, and understanding the dividend calendar is crucial for investors.
The dividend calendar for Dole PLC Registered Shs is available for the years 2023, 2022, 2021, 2020, 2019, and 2018.
The dividend for Dole PLC Registered Shs in 2023 is $0.32 USD, with a yield of 2.60%.
The dividend for Dole PLC Registered Shs in 2022 is also $0.32 USD, with a yield of 3.32%.
In contrast, the dividend in 2021 was significantly lower at $0.08 USD, with a yield of 0.60%.
There is no dividend listed for the years 2020, 2019, or 2018.
Here is a summary of the dividend calendar for Dole PLC Registered Shs:
Stock Performance
Dole stock has seen some interesting fluctuations in its share price over the past year. The current share price is $13.80.
In terms of its 52-week high and low, Dole's stock has reached as high as $17.12 and as low as $11.03. This suggests a decent amount of volatility in the market.
Here are some key share price changes for Dole stock:
The stock's market capitalization is a significant $1,035,758,204.032, and it's listed on the NYSE.
Stock Dropped 12% at Open
Dropping 12% at the open is a significant stock performance, and it's often a sign that investors are unhappy with a company's earnings or outlook. This was the case with Dole Stock, which dropped 12% at the open today.
Investors are closely watching a company's earnings reports, and a revised outlook can be a major concern. The more a company's outlook is revised downward, the more it can impact investor confidence.
A revised 2022 outlook from Dole's management was the main reason for the stock drop. This change in expectations can make investors think twice about investing in the company.
Curious to learn more? Check out: How Can I Open Demat Account
Bullish as Debt Declines Unlock Values
Dole plc's debt decline has unlocked significant values for the company.
The company reported solid 2023 financial trends, confirming its strength and long-term outlook.
Dole's revenue increased by 2.75% in 2023, reaching $8.25 billion.
Earnings grew by 43.43% in 2023, reaching $124.06 million.
Dole's profits topped estimates despite a sales decline in some key markets.
The company's earnings grew by 3.1% over the past year, according to DOLE Stock Overview.
Dole's debt decline has made the company's stock more attractive to investors, trading at 50.7% below its estimated fair value.
The company's strong financial performance has given it a solid foundation for future growth.
Additional reading: Brighthouse Financial Stock Symbol
Stock Performance
Dole's stock performance has been a mixed bag in recent years. Revenue has increased by 2.75% in 2023, reaching $8.25 billion.
The company's earnings have also seen a significant boost, rising by 43.43% in 2023 to $124.06 million. This is a notable improvement from the previous year.
Dole's share price has fluctuated over the past 52 weeks, reaching a high of $17.12 and a low of $11.03. The current share price is $13.80.
Here's a breakdown of Dole's stock performance over the past year:
Dole's market capitalization is $1.035 trillion, and the company is listed on the NYSE.
Price Volatility
DOLE's price volatility is a key factor to consider when evaluating its stock performance.
DOLE's average weekly movement is 3.1%, which is relatively stable compared to the industry and market.
The food industry average movement is 4.9%, while the market average movement is 6.0%. This suggests that DOLE's stock price is less prone to significant fluctuations.
In fact, DOLE's weekly volatility has been stable over the past year, with a consistent movement of 3%.
Here's a comparison of DOLE's volatility with other market benchmarks:
DOLE's stable share price has not had significant price volatility in the past 3 months compared to the US market.
Readers also liked: History of Stock Price Symbol Svm
Frequently Asked Questions
What is the target price for Dole?
The target price for Dole is $14.50, based on analysts' average price target. This represents a 6.46% upside potential from the current price.
Featured Images: pexels.com