Dole Food Co Inc Stock Upgraded (DOLE)
NEW YORK (
)
-- Dole Food
(NYSE:
) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins.
Highlights from the ratings report include:
- DOLE's revenue growth trails the industry average of 25.6%. Since the same quarter one year prior, revenues slightly increased by 4.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- DOLE FOOD CO INC has improved earnings per share by 11.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, DOLE FOOD CO INC swung to a loss, reporting -$0.43 versus $0.24 in the prior year. This year, the market expects an improvement in earnings ($1.23 versus -$0.43).
- The gross profit margin for DOLE FOOD CO INC is currently extremely low, coming in at 10.20%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -2.30% is significantly below that of the industry average.
- Net operating cash flow has significantly decreased to -$37.69 million or 178.63% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
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Dole Food Company, Inc. engages in sourcing, growing, processing, marketing, and distributing fresh fruits and vegetables, and food products to wholesale, retail, and institutional customers worldwide. It operates in three segments: Fresh Fruit, Fresh Vegetables, and Packaged Foods. The company has a P/E ratio of 951, above the S&P 500 P/E ratio of 17.7. Dole Food has a market cap of $799.2 million and is part of the
sector and
industry. Shares are up 8.7% year to date as of the close of trading on Thursday.
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-- Written by a member of TheStreet RatingsStaff
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