DOLE - Dole: Undervalued As EPS Growth Expected

2024-02-07 04:30:18 ET

Summary

• 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.
• This is an established brand in the juice, fruit and vegetable segment of consumer staples, and has a global business. At the same time, consumer confidence data is strong now.

Quick Overview

It is a new trading week and to kick things off we are picking a relatively under-covered stock in the consumer staples sector, but a common sight in the fruit and juice aisles of many supermarkets, Dole plc ( DOLE ).

This is a brand that some of us grew up with over the last few decades, and thinking about it brings back memories of the smell of orange and pineapples....

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