DOLE Stock Forecast, Price & News NYSE:DOLE

The consensus among Wall Street equities research analysts is that investors should “buy” DOLE shares. The Zacks Agriculture – Operations industry comprises companies that produce or procure, transport, store, process, and distribute agricultural commodities to consumers. It also distributes ingredients to other parts of the agriculture industry (including clothing, animal feed, energy and industrial products). Some industry players engage in dairy operations, land transformation activities and the development of food ingredients using gene-editing technology.

This one-time meme stock looks like an attractive dividend-paying value stock. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

The Zacks Agriculture – Operations industry is a 13-stock group within the broader Zacks Consumer Staples sector. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Dole PLC shares DOLE, +1.92% slid 3% in premarket trade Tuesday, after the distributor of fruit and vegetables swung to a loss for the first quarter and posted revenue that fell short of estimates.

Dole plc Joins Freshfel Europe in Launching Fresh Produce Environmental Footprint Initiative on World Earth Day 2022.

Based on an average daily volume of 696,100 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.2% of the shares of the stock are sold short. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. The Zacks Agriculture – Operations industry is poised to benefit from innovations and improved consumer demand for healthy products. Investments in acquisitions, joint ventures and expansions are likely to fortify the prospects of the industry players.

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The industry encompasses production activities related to traditional farming of crops (like corn, soybean, wheat and cotton) and livestock and poultry products (including meat, dairy and eggs). The products are mainly sold at grocery stores or exported overseas. For example, cotton is used in the clothing industry and corn is used in the ethanol industry.

Continued investments in assets and technological capabilities to innovate and serve customers bode well for players like Archer Daniels Midland Company (ADM Quick QuoteADM – Free Report) , Adecoagro S.A. Logistic and supply-chain issues, higher input costs, and elevated operational expenses have been affecting industry players for a while. Supply-chain concerns and commodity cost pressure have been affecting results. According to one analyst, the rating for DOLE stock is “Strong Buy” and the 12-month stock price forecast is $15.0. The technique has proven to be very useful for finding positive surprises.

Earnings Transcripts

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. DOLE’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. One share of DOLE stock can currently be purchased for approximately $11.85. The Barchart Technical Opinion rating is a 56% Sell with a Weakening short term outlook on maintaining the current direction.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The fruit and vegetable grower reported earnings, and investors weren’t pleased with management’s revised 2022 outlook. Style is an investment factor that has a meaningful impact on investment risk and returns.

Dole PLC through its subsidiaries operates in the North American and European markets for fresh fruits and vegetables. The company’s segment includes Fresh Fruit; Diversified Fresh Produce – EMEA; Diversified Fresh Produce – Americas and ROW and Fresh Vegetables. It generates maximum revenue from the Diversified Fresh Produce – EMEA segment. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

Key Stock Data

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023. Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. With government support and technological breakthroughs, the agriculture sector is likely to thrive. Given the expanding market, quality agriculture stocks, ICL Group (ICL), Dole (DOLE), and MariMed (MRMD)… The scores are based on the trading styles of Value, Growth, and Momentum.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

Dole shares slide 3% premarket after food distributor swings to Q1 loss and revenue falls short of estimates

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 1 equities research analysts have issued 12 month target prices for (DOLE)’s shares.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. DOLE earnings call for the period ending September 30, 2021. DOLE earnings call for the sbimf smart statement period ending December 31, 2021. DOLE earnings call for the period ending March 31, 2022. Our analysts discuss the newly public company and examine its risks and future opportunities.

Dole PLC (DOLE)

Their DOLE share price forecasts range from $15.00 to $17.00. On average, they anticipate the company’s stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 35.1% from the stock’s current price.

View analysts price targets for DOLE or view top-rated stocks among Wall Street analysts. Shares of Dole PLC were indicated up nearly 1% in premarket trading Friday, after the fresh fruit and vegetables company, , reported a rise in third-quarter profit and revenue, in the face of inflationary pressures and su… 1 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for (DOLE) in the last twelve months.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

• Style is an investment factor that has a meaningful impact on investment risk and returns.
• That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
• Shares of Dole PLC were indicated up nearly 1% in premarket trading Friday, after the fresh fruit and vegetables company, , reported a rise in third-quarter profit and revenue, in the face of inflationary pressures and su…

Dole PLC shares slid 3% in premarket trade Tuesday, after the distributor of fruit and vegetables swung to a loss for the first quarter and posted revenue that fell short of estimates. AGCO Corporation (AGCO) delivered robust sales growth and margin improvement in the last reported quarter. The stock has generated stable returns and might be an ideal buy this month.

Dole plc (DOLE)

To see all exchange delays and terms of use please see Barchart’s disclaimer. (DOLE) announced a quarterly dividend on Wednesday, August 16th. Investors of record on Thursday, September 14th will be paid a dividend of $0.08 per share on Thursday, October 5th. This represents a $0.32 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, September 13th.

Data may be intentionally delayed pursuant to supplier requirements. Dole Plc , the company that went public last year after the acquisition of the remaining 50% of Dole Food Company Inc. by Total Produce Plc, posted fourth-quarter earnings https://1investing.in/ on Tuesday, showing . © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Style is calculated by combining value and growth scores, which are first individually calculated. In a year, the Zacks Agriculture – Operations industry has underperformed the S&P 500 and the Zacks Consumer Staples sector.The stocks in the industry have collectively fallen 19.3% in a year against the growth of 13.5% for the Zacks S&P 500 composite. Meanwhile, the sector has declined 2.3% in the same period. (DOLE)’s stock is owned by many different institutional and retail investors.