Dole (NYSE:DOLE) Posts Earnings Results, Beats Estimates By $0.02 EPS

Dole (NYSE:DOLE) posted its earnings results on Monday. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02, FiscalAI reports. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.53 billion. Dole had a return on equity of 7.63% and a net margin of 0.46%.The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS.

Here are the key takeaways from Dole’s conference call:

• Q2 profitability declined as higher fuel, shipping, fruit-sourcing and pineapple-growing costs reduced adjusted EBITDA by $20.4 million to $117 million, while adjusted diluted EPS fell to $0.46 from $0.55.
• Fresh Fruit was the main source of pressure, with adjusted EBITDA down $22.5 million to $50.3 million; management expects contractual fuel surcharges, cost savings and sourcing investments to support improved second-half performance.
• Diversified Americas delivered another strong quarter, with revenue up 14% and adjusted EBITDA increasing $5.2 million to $20.6 million, helping offset weakness in Fresh Fruit.
• Dole completed the Ecuador port sale for approximately $95 million of net proceeds, improving financial flexibility; pro forma net leverage was about 1.6 times, with year-end leverage expected to fall below 1.5 times.
• Management maintained its 2026 adjusted EBITDA target at approximately $400 million, citing resilient consumer demand and expected pricing recoveries, but acknowledged limited forecasting visibility due to geopolitical, fuel and shipping-cost uncertainty.

Dole Stock Down 5.9%

DOLE opened at $13.02 on Tuesday. The company has a market capitalization of $1.24 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.25 and a quick ratio of 0.91. The firm’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $14.71. Dole has a fifty-two week low of $12.52 and a fifty-two week high of $16.57.

Dole Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.085 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.34 dividend on an annualized basis and a yield of 2.6%. Dole’s payout ratio is currently 75.56%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DOLE. Zacks Research upgraded shares of Dole from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dole in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

Hedge Funds Weigh In On Dole

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in Dole by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,987,681 shares of the company’s stock valued at $74,765,000 after acquiring an additional 48,710 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dole by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,203 shares of the company’s stock worth $65,044,000 after purchasing an additional 523,287 shares during the period. Nuveen LLC lifted its stake in Dole by 0.9% during the fourth quarter. Nuveen LLC now owns 1,643,034 shares of the company’s stock worth $24,629,000 after purchasing an additional 15,418 shares during the period. Ameriprise Financial Inc. boosted its holdings in Dole by 2.6% during the second quarter. Ameriprise Financial Inc. now owns 1,624,468 shares of the company’s stock valued at $22,726,000 after purchasing an additional 41,738 shares in the last quarter. Finally, Panview Capital Ltd boosted its holdings in Dole by 104.6% during the fourth quarter. Panview Capital Ltd now owns 1,431,975 shares of the company’s stock valued at $21,465,000 after purchasing an additional 731,975 shares in the last quarter.

Dole News Summary

Here are the key news stories impacting Dole this week:

• Positive Sentiment: Dole is targeting approximately $400 million in 2026 adjusted EBITDA, signaling confidence in its earnings trajectory. The sale of its Ecuador port generated roughly $95 million in net proceeds, which could improve financial flexibility and support capital allocation. Dole targets approximately $400 million 2026 adjusted EBITDA
• Positive Sentiment: Second-quarter revenue rose 2.9% year over year to $2.50 billion, with Diversified Fresh Produce—Americas and Rest of World performing strongly and helping offset weaker Fresh Fruit results. Dole second-quarter 2026 financial results
• Positive Sentiment: Dole declared a quarterly dividend of $0.085 per share, equivalent to approximately $0.34 annually and a stated yield of about 2.6%. The dividend may appeal to income-focused investors, with payment scheduled for October 7 to eligible shareholders.
• Neutral Sentiment: Reported EPS was $0.46. This exceeded one consensus estimate of $0.44 but fell short of Zacks’ $0.50 estimate, making the earnings comparison mixed. Dole lags some second-quarter estimates
• Negative Sentiment: EPS declined from $0.55 a year earlier, while revenue of $2.50 billion was below the $2.53 billion consensus estimate. Management also said anticipated Fresh Fruit cost pressures affected profitability, a concern given the company’s reported net margin of only 0.46%.
• Neutral Sentiment: Several supplied articles concern the Philippine Department of Labor and Employment (“DOLE”), including child-influencer permits, wage-order compliance and weather-related work suspensions. They are unrelated to Dole plc and should not affect NYSE:DOLE.

About Dole

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.