Dole plc (DOLE) Stock: A Closer Look

Dole plc [DOLE] stock prices are up 6.21% to $11.81 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DOLE shares have gain 6.30% over the last week, with a monthly amount glided 1.72%, and seem to be holding up well over a long-time horizon.

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On 29, February 2024, Dole plc Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Dole plc (NYSE: DOLE) (“Dole” or the “Group” or the “Company”) today released its financial results for the three months and year ended December 31, 2023.

From an analyst’s perspective:

The stock price of Dole plc [DOLE] has been fluctuating between $10.55 and $14.01 over the past year. Dole plc [NYSE: DOLE] shares were valued at $11.81 at the most recent close of the market.

Analyzing the DOLE fundamentals

The Dole plc [NYSE:DOLE] reported sales of 8.53B for trailing twelve months, representing a drop of -9.92%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.18.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.41 points at the first support level, and at 11.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.06, and for the 2nd resistance point, it is at 12.31.

Dole plc [DOLE] reported earnings per share of $0.24 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0.13 and a surprise factor of 118.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.51 per share as compared to estimates of $0.34 per share, a difference of $0.17 representing a surprise of 50.00%.

Ratios To Look Out For

It’s worth pointing out that Dole plc [NYSE:DOLE]’s Current Ratio is 1.12. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 8.25.

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