Dole Stock (NYSE:DOLE), Trade Ideas

Dole

Dole PLC 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. Diversified Fresh Produce - EMEA segment includes Dole's Irish, Dutch, Spanish, Portuguese, French, Italian, U.K., Swedish, Danish, South African, Eastern European, and Brazilian businesses, the majority of which sell a variety of imported and local fresh fruits and vegetables through retail, wholesale and, in some instances, food service channels across the European marketplace.

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Dole Q1 Earnings Beat Estimates On Higher Fresh Fruit Pricing Worldwide

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Dole PLC

Dole Announced That It Has Agreed With Fresh Express To Terminate The Previously Announced Agreement Under Which Fresh Express Would Have Acquired Dole's Fresh Vegetables Division

Dividends

Dole Declared Cash Dividend For Fourth Quarter Of 2023 Of $0.08 Per Share, Payable On April 4, 2024

Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.07 by 128.57 percent. This is a 77.78 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $2.07 billion which missed the analyst consensus estimate of $2.17 billion by 4.52 percent. This is a 12.05 percent decrease over sales of $2.36 billion the same period last year.

Dole Q4 Adj. EPS $0.16 Beats $0.07 Estimate, Sales $2.07B Miss $2.17B Estimate

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Earnings Scheduled For February 29, 2024

Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-29. Here's what investors need to know before the announcement.
Analysts estimate that Dole will report an earnings per share (EPS) of $0.07. 
Dole bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.12, which was followed by a 0.99% increase in the share price the next day.
Here's a look at Dole's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.12</td>
<td>0.34</td>
<td>0.18</td>
<td>0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.51</td>
<td>0.34</td>
<td>0.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-7.000000000000001%</td>
<td>2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709136079_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Dole were trading at $11.16 as of February 27. Over the last 52-week period, shares are down 6.95%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/DOLE/earnings">To track all earnings releases for Dole visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Dole's Earnings

Dole plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) (&quot;Dole&quot; or the &quot;Group&quot;) has today announced that it has reached an agreement to sell its&nbsp;65%&nbsp;equity stake in Progressive Produce LLC (&quot;Progressive Produce&quot; or the &quot;Company&quot;) to PTF Holdings, LLC (&quot;PTF Holdings&quot;), the parent company of Pacific Trellis Fruit, LLC (&quot;Pacific Trellis Fruit&quot;). PTF Holdings is a portfolio company of Arable Capital Partners, LLC (&quot;Arable&quot;). Dole will receive gross cash proceeds of&nbsp;$120.25 million&nbsp;from this sale.
Progressive Produce, located in Los Angeles, California, is a grower, packer, and distributor of conventional and organic produce to the retail, wholesale and foodservice sectors in the U.S. and Canada. Founded in 1967, today the Company is one of California&#39;s premier produce companies with annual sales in excess of&nbsp;$400 million.

Reported Earlier, Dole Agrees To Sell Its 65% Equity Stake In Progressive Produce To Arable Capital For Gross Cash Proceeds Of $120.25M

Dole Fresh Vegetables Recalls Limited Number Of Salad Kits Due To Possible Health Risk From Listeria Monocytogenes

Stephens &amp; Co. analyst Ben Bienvenu reiterates Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) with a Overweight and maintains $17 price target.

Price Target

Reiteration

Analyst Ratings

Stephens & Co. Reiterates Overweight on Dole, Maintains $17 Price Target

Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) reported quarterly adjusted earnings of $0.24 per share which beat the analyst consensus estimate of $0.12 by 100 percent. This is a 71.43 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $2.04 billion which missed the analyst consensus estimate of $2.19 billion by 6.71 percent. This is a 4.18 percent increase over sales of $1.96 billion the same period last year.

Dole Q3 Adj. EPS $0.24 Beats $0.12 Estimate, Sales $2.04B Miss $2.19B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Children&#39;s Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $11.90 million.
&bull; Borr Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $191.00 million.
&bull; Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $328.26 million.
&bull; Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $340.92 million.
&bull; Alibaba Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is estimated to report quarterly earnings at $2.12 per share on revenue of $30.79 billion.
&bull; Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is estimated to report quarterly loss at $0.66 per share on revenue of $315.88 million.
&bull; Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is expected to report quarterly earnings at $1.41 per share on revenue of $149.82 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $746.78 million.
&bull; Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $2.19 billion.
&bull; NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) is expected to report quarterly earnings at $1.45 per share on revenue of $3.81 billion.
&bull; Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) is projected to report quarterly loss at $0.07 per share on revenue of $229.45 million.
&bull; Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $1.56 billion.
&bull; Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $162.54 million.
&bull; Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $23.13 million.
&bull; OneWater Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $416.40 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is estimated to report earnings for its third quarter.
&bull; Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is estimated to report earnings for its third quarter.
&bull; Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) is likely to report earnings for its third quarter.
&bull; Dingdong (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) is estimated to report earnings for its third quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $1.11 billion.
&bull; Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.58 billion.
&bull; Macy&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $4.79 billion.
&bull; NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $595.19 million.
&bull; Berry Global Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) is estimated to report quarterly earnings at $2.11 per share on revenue of $3.15 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) is projected to report earnings for its third quarter.
&bull; Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) is estimated to report earnings for its third quarter.
&bull; Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $990.66 million.
&bull; Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $544.65 million.
&bull; Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $164.13 million.
&bull; American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $28.00 million.
&bull; Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $569.27 million.
&bull; voxeljet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VJET#NASDAQ">VJET</a>) is expected to report quarterly loss at $0.48 per share on revenue of $6.51 million.
&bull; Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.14 billion.
&bull; Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $765.35 million.
&bull; Post Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>) is expected to report quarterly earnings at $1.18 per share on revenue of $1.92 billion.
&bull; Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $483.00 million.
&bull; Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $285.00 million.
&bull; Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is projected to report earnings for its third quarter.
&bull; Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $4.82 billion.
&bull; Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter.
&bull; ESCO Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $266.27 million.
&bull; Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) is likely to report quarterly earnings at $1.39 per share on revenue of $627.29 million.
&bull; Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $3.61 billion.
&bull; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $290.20 million.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $1.92 billion.
&bull; ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $1.36 billion.
&bull; PagSeguro Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGS#NYSE">PAGS</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $791.87 million.
&bull; Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $231.26 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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SCVL

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Earnings Scheduled For November 16, 2023

Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-16. Here's what investors need to know before the announcement.
Analysts estimate that Dole will report an earnings per share (EPS) of $0.12. 
Dole bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 6.92% drop in the share price the next day.
Here's a look at Dole's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.34</td>
<td>0.18</td>
<td>0.05</td>
<td>0.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.34</td>
<td>0.09</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.92%</td>
<td>1.78%</td>
<td>0.51%</td>
<td>4.93%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1700064082_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Dole were trading at $11.92 as of November 14. Over the last 52-week period, shares are up 22.1%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/DOLE/earnings">To track all earnings releases for Dole visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Dole

As we look out into the second half of the year and towards 2024, there is the potential for disruption in many of the key growing regions in Central and South America due to the onset of El Ni&ntilde;o climatic conditions. However, we are monitoring the changing weather patterns closely and believe we are well placed to deal with potential challenges using our diverse sourcing network and due to our advanced farming practices.While the macro-economic environment remains difficult to predict, in our business we have seen positives such as the strengthening Euro relative to the U.S. Dollar, more open supply chains, and moderation of inflation for certain input costs. However, we do continue to be impacted by higher interest rates and other foreign currency movements.

Dole Expects FY23 Adjusted EBITDA Of At Least $350M

Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) reported quarterly adjusted earnings of $0.51 per share which beat the analyst consensus estimate of $0.34 by 50 percent. This is a 7.27 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $2.14 billion which missed the analyst consensus estimate of $2.27 billion by 5.68 percent. This is a 4.39 percent increase over sales of $2.05 billion the same period last year.

Dole Q2 Adj. EPS $0.51 Beats $0.34 Estimate, Sales $2.14B Miss $2.27B Estimate

Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is set to give its latest quarterly earnings report on Thursday, 2023-08-17. Here's what investors need to know before the announcement.
Analysts estimate that Dole will report an earnings per share (EPS) of $0.34. 
Dole bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.16, which was followed by a 1.78% increase in the share price the next day.
Here's a look at Dole's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.18</td>
<td>0.05</td>
<td>0.10</td>
<td>0.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.09</td>
<td>0.14</td>
<td>0.44</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.78%</td>
<td>0.51%</td>
<td>4.88%</td>
<td>-2.65%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1692194513_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Dole were trading at $13.39 as of August 15. Over the last 52-week period, shares are up 46.03%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/DOLE/earnings">To track all earnings releases for Dole visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Dole

<h3>Gainers</h3>
<ul>
<li>CaliberCos Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwd#NASDAQ">CWD</a>) shares jumped 65.6% to $9.94 amid post-IPO volatility.</li>
<li>Enveric Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/envb#NASDAQ">ENVB</a>) rose 58% to $2.42 after the company announced it has received a Notice of Allowance from the USPTO for a patent application involving EB-373, the company&#39;s new chemical entity psilocin prodrug.</li>
<li>WANG &amp; LEE GROUP, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wlgs#NASDAQ">WLGS</a>) gained 41.6% to $1.87 on above-average volume.</li>
<li>Alimera Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alim#NASDAQ">ALIM</a>) gained 38.3% to $2.87 after the company announced it acquired U.S. commercial rights to YUTIQ.</li>
<li>Urstadt Biddle Properties Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ubp#NYSE">UBP</a>) jumped 28.5% to $19.72.</li>
<li>SeaStar Medical Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icu#NASDAQ">ICU</a>) shares climbed 28.1% to $0.7555 after dropping around 13% on Wednesday. SeaStar Medical Holding recently reported a year-over-year decrease in first-quarter EPS.</li>
<li>Eltek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eltk#NASDAQ">ELTK</a>) gained 27.6% to $5.04 after the company reported better-than-expected Q1 financial results.</li>
<li>SciPlay Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scpl#NASDAQ">SCPL</a>) shares climbed 26.4% to $19.66 after Light &amp; Wonder announced a proposal to acquire the remaining public shares of the company.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnsp#NASDAQ">CNSP</a>) gained 23.4% to $1.58. CNS Pharmaceuticals recently posted a first-quarter loss of $2.59 per share.</li>
<li>Urstadt Biddle Properties Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uba#NYSE">UBA</a>) rose 19.4% to $20.23. Regency Centers announced plans to acquire Urstadt Biddle Properties in all-stock transaction valued at $1.4 billion.</li>
<li>Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>) climbed 16.5% to $50.15 following quarterly results.</li>
<li>Aemetis, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amtx#NASDAQ">AMTX</a>) climbed 16.1% to $2.4150. Aemetis RNG production facility received EPA approval for D3 RIN generation.</li>
<li>Leap Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lptx#NASDAQ">LPTX</a>) climbed 14.8% to $0.6999 after jumping over 15% on Wednesday. Leap Therapeutics recently posted a wider-than-expected quarterly loss.</li>
<li>GSI Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gsit#NASDAQ">GSIT</a>) rose 13% to $4.9250.</li>
<li>Hillstream BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hils#NASDAQ">HILS</a>) gained 11% to $0.46.</li>
<li>Dole plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dole#NYSE">DOLE</a>) jumped 10.6% to $13.20 following upbeat quarterly earnings.</li>
<li>Take-Two Interactive Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) gained 10.5% to $138.12 after the company reported fourth-quarter earnings results.</li>
<li>Madison Square Garden Entertainment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msge#NYSE">MSGE</a>) climbed 9.9% to $34.88 after posting a profit for the third quarter.</li>
<li>Bath &amp; Body Works, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbwi#NYSE">BBWI</a>) gained 8.6% to $36.95 after the company reported better-than-expected first-quarter adjusted EPS results and issued guidance.</li>
<li>Armata Pharmaceuticals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/armp#NYSE">ARMP</a>) shares rose 8% to $1.35 after dropping 10% on Wednesday. The company recently said loss from operations for the three months ended March 31, 2023 was $11.3 million versus a year-ago loss from operations of around $8.8 million.</li>
<li>DLocal Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dlo#NASDAQ">DLO</a>) shares rose 7.3% to $15.02 after the company reported better-than-expected Q1 results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fortress Biotech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fbio#NASDAQ">FBIO</a>) shares dropped 24% to $0.5120. The company recently posted a narrower-than-expected first-quarter loss.</li>
<li>Tingo Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tio#NASDAQ">TIO</a>) shares dipped 22.9% to $3.93 after gaining around 33% on Wednesday. Tingo Group recently reported better-than-expected Q1 financial results.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) fell 21.9% to $0.7798 after the company reported a $3.5 million private placement priced at-the-market under Nasdaq rules.</li>
<li>Smart for Life, Inc.. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smfl#NASDAQ">SMFL</a>) fell 21.1% to $2.6432 after the company reported a $1.58 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Williams Industrial Services Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wlms#NYSE">WLMS</a>) dropped 20.4% to $0.74 following first-quarter results.</li>
<li>Bowlero Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bowl#NYSE">BOWL</a>) fell 19.9% to $11.26 after the company reported third-quarter results.</li>
<li>BIOLASE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biol#NASDAQ">BIOL</a>) dropped 18% to $0.1385. The company recent posted strong quarterly results.</li>
<li>Troika Media Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trka#NASDAQ">TRKA</a>) dropped 17% to $0.1851. Troika Media Group recently reported revenue of $59.0 million and adjusted EBITDA of $1.5 million for the three months ended March 31, 2023.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares fell 16.6% to $7.10 after 10x Genomics won a permanent injunction against the company&#39;s CosMx products.</li>
<li>JE Cleantech Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jcse#NASDAQ">JCSE</a>) fell 13.8% to $0.6034 after jumping 34% on Wednesday.</li>
<li>Monro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnro#NASDAQ">MNRO</a>) dipped 13.4% to $42.38 after the company posted fourth-quarter results and announced an agreement to eliminate Class C preferred stock.</li>
<li>Missfresh Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mf#NASDAQ">MF</a>) fell 12.6% to $0.76.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) fell 12.5% to $1.89. Sientra recently announced the FDA granted a 510(k) clearance for the company&#39;s novel Portfinder technology.</li>
<li>Lightspeed Commerce Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lspd#NASDAQ">LSPD</a>) dipped 12.3% to $13.05 after the company reported worse-than-expected Q4 sales results and issued 1Q24 revenue guidance below estimates.</li>
<li>Grab Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grab#NASDAQ">GRAB</a>) fell 12.2% to $2.8250 after the company reported a decline in Q1 deliveries.</li>
<li>Boot Barn Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/boot#NYSE">BOOT</a>) dropped 11.6% to $66.15 after the company issued weak financial guidance for Q1 and FY24.</li>
<li>FTC Solar, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftci#NASDAQ">FTCI</a>) fell 10.1% to $3.0573.</li>
<li>Energy Vault Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrgv#NYSE">NRGV</a>) dropped 9.9% to $1.9192.</li>
<li>Sutro Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stro#NASDAQ">STRO</a>) dropped 9.4% to $5.21.</li>
<li>Canada Goose Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/goos#NYSE">GOOS</a>) fell 9% to $18.58 following fourth-quarter results.</li>
<li>Studio City International Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msc#NYSE">MSC</a>) dropped 7.3% to $6.85.</li>
<li>Eightco Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/octo#NASDAQ">OCTO</a>) fell 7% to $1.8605. Eightco&#39;s Forever 8 inked inventory management agreement with Prominent Electronics Distributor Mobi-hub.</li>
<li>Intercept Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icpt#NASDAQ">ICPT</a>) dropped 5.5% to $13.07. Raymond James downgraded Intercept Pharma from Outperform to Market Perform.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32466666/bitcoin-tops-this-key-level-following-economic-data-render-token-emerges-as-top-gainer"> Bitcoin Tops This Key Level Following Economic Data; Render Token Emerges As Top Gainer</a>

Why Monro Shares Are Trading Lower By 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

WIIM

Dole shares are trading higher after the company reported better-than-expected Q1 EPS results.

<ul>
<li>Dole Plc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dole#NYSE">DOLE</a>) first-quarter FY23 sales inched up by 1% year-on-year to $1.99 billion,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/05/b32460969/dole-plc-reports-first-quarter-2023-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missing the consensus of $2.19 billion</a>.</li>
<li>The global leader in fresh produce registered an adjusted EPS of $0.34, beating the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">analyst consensus</a>&nbsp;of $0.18. Adjusted EPS in the year-ago period was $0.43.</li>
<li>Quarterly revenues grew Y/Y on higher worldwide pricing and volumes of bananas and pineapples, bolstering the Fresh Fruit and Diversified EMEA segments.&nbsp;</li>
<li>However, in February, Dole experienced a cybersecurity incident identified as ransomware, which dragged the company&#39;s Fresh Vegetables and Chilean businesses in particular. Direct costs related to the incident were $10.5 million, of which $4.8 million related to continuing operations.</li>
<li>Segments:&nbsp;Fresh Fruit grew 6.5% to $798.91 million, Diversified Fresh Produce &ndash; EMEA rose 0.9% to $798.10 million, Diversified Fresh Produce &ndash; Americas &amp; ROW fell 8.8% to $422.75 million.</li>
<li>Adjusted EBITDA jumped 9.3% to $100.4 million.</li>
<li>Gross profit rose 17.9% Y/Y to $179.04 million with a margin of 9%.</li>
<li>Operating income for the quarter rose 44.5% to $ 62.13 million.</li>
<li>The company held ~$272 million in cash and equivalents as of March 31, 2023. Net Debt was $1 billion.</li>
<li>&quot;During the quarter, we announced an agreement to sell our Fresh Vegetables division to Fresh Express,&quot; said Carl McCann, Executive Chairman. &quot;We are continuing to work through the regulatory process for the sale of this business.&quot;</li>
<li>Dividend:&nbsp;The company declared a cash dividend for Q1 of $0.08 per share, payable on July 6, 2023, to shareholders of record on June 16, 2023.&nbsp;</li>
<li>Outlook: Dole continues to expect Adjusted EBITDA from continuing operations of $350.0 million for FY23.</li>
<li>Price Action:&nbsp;DOLE shares are trading higher by 8.34% at $12.93 on the last check Thursday.</li>
</ul>

U.S. stocks traded mixed, with the Dow Jones dropping around 50 points on Thursday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>Urstadt Biddle Properties Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ubp#NYSE">UBP</a>) shares surged 28.5% to $19.72.</li>
<li>Eltek Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eltk#NASDAQ">ELTK</a>) rose 27.6% to $5.04 after the company reported better-than-expected Q1 financial results.</li>
<li>SciPlay Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scpl#NASDAQ">SCPL</a>) shares gained 26.4% to $19.66 after Light &amp; Wonder announced a proposal to acquire the remaining public shares of the company.</li>
<li>Urstadt Biddle Properties Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uba#NYSE">UBA</a>) climbed 19.4% to $20.23. Regency Centers announced plans to acquire Urstadt Biddle Properties in all-stock transaction valued at $1.4 billion.</li>
<li>Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>) gained 16.5% to $50.15 following quarterly results.</li>
<li>Dole plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dole#NYSE">DOLE</a>) surged 10.6% to $13.20 following upbeat quarterly earnings.</li>
<li>Take-Two Interactive Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) rose 10.5% to $138.12 after the company reported fourth-quarter earnings results.</li>
<li>Madison Square Garden Entertainment Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msge#NYSE">MSGE</a>) jumped 9.9% to $34.88 after posting a profit for the third quarter.</li>
<li>Advanced Drainage Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wms#NYSE">WMS</a>) gained 9.9% to $97.47 following better-than-expected quarterly results.</li>
<li>QuinStreet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qnst#NASDAQ">QNST</a>) rose 9.6% to $8.41.</li>
<li>Luminar Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lazr#NASDAQ">LAZR</a>) surged 9.4% to $7.16. Luminar Technologies Director, Chairperson, President &amp; CEO Austin Russell acquired a total 1,475,685 shares an average price of $6.03.</li>
<li>Bath &amp; Body Works, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbwi#NYSE">BBWI</a>) surged 8.6% to $36.95 after the company reported better-than-expected first-quarter adjusted EPS results and issued guidance.</li>
<li>DouYu International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/doyu#NASDAQ">DOYU</a>) rose 8% to $1.08 following first-quarter results.</li>
<li>Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) rose 8% to $367.28 following a report suggesting the company said its ad-supported tier has nearly 5 million global monthly active users.</li>
<li>DLocal Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dlo#NASDAQ">DLO</a>) shares gained 7.3% to $15.02 after the company reported better-than-expected Q1 results.</li>
<li>Synopsys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snps#NASDAQ">SNPS</a>) gained 6.8% to $402.85 after the company reported better-than-expected Q2 financial results and issued FY23 guidance.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teva#NYSE">TEVA</a>) climbed 5.4% to $8.56. Evercore ISI Group upgraded Teva Pharmaceutical from In-Line to Outperform.</li>
</ul>

&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/05/32466816/us-stocks-mixed-jobless-claims-drop-more-than-projected"> US Stocks Mixed; Jobless Claims Drop More than Projected </a>

Legal

Dole Said It Experienced A Ransomware Cybersecurity Incident In February 2023 Which Disrupted Its Fresh Vegetables And Chilean Businesses, With Direct Costs Amounting To $10.5M, $4.8M Related To Continuing Operations

Dole Says Operating Environment So Far In 2023 Continues To Bring With It Both New Opportunities And New Challenges

The agriculture industry's future appears bright, considering its stable demand and encouraging growth trajectory. Given this backdrop, quality agricultural technology stocks ICL Group (ICL), Adecoagro S.A. (AGRO), and Dole plc (DOLE) might be valuable buys now. Read on… Amid favorable government support and a <a href="https://www.worldbank.org/en/topic/climate-smart-agriculture">stable demand for agricultural goods</a>, the industry is anticipated to remain resilient. Given this backdrop, investors could buy fundamentally strong agricultural technology stocks ICL Group Ltd (<a href="https://stocknews.com/stock/ICL/">ICL</a>), Adecoagro S.A. (<a href="https://stocknews.com/stock/AGRO/">AGRO</a>), and Dole plc (<a href="https://stocknews.com/stock/DOLE/">DOLE</a>), which are currently trading at discounted valuations.
A country's economy is often underpinned by its agriculture sector, which has not been immune to challenges over recent years. This sector was squeezed by high inflation, further complicated by geopolitical disturbances, resulting in supply chain disruptions and escalated food prices. Furthermore, the <a href="https://investigatemidwest.org/2024/01/18/graphic-fertilizer-prices-reach-a-record-high/">sky-high costs of fertilizers</a> and other farming necessities have left agriculturalists in an unstable economic state.
However, considering the sector's importance, there is ample investment flowing into agriculture worldwide by the government, aiming to enhance efficiency and reduce expenses. For instance, the Biden-Harris Administration's <a href="https://www.usda.gov/media/press-releases/2023/08/30/biden-harris-administration-invests-266-million-help-rural-business">allocation of $266 million</a> to aid rural entrepreneurs, farmers, and ranchers to lower their energy expenditure, increase revenue, and enlarge their operations. Also, the USDA has announced a sum of <a href="https://www.usda.gov/media/press-releases/2024/01/29/biden-harris-administration-announces-investments-strengthen-us">$72.9 million in grant funding</a> to augment the specialty crops industry through the Specialty Crop Block Grant Program.
Accompanying these efforts, the introduction and advancement of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Blockchain, and Machine Learning (ML) to the realm of agriculture are providing enormous growth and development possibilities globally for the <a href="https://www.globenewswire.com/news-release/2024/01/22/2813418/0/en/Smart-Agriculture-Market-To-Develop-Speedily-With-CAGR-Of-11-3-By-2032-Market-us.html#:~">smart agriculture</a> market and <a href="https://www.cnet.com/health/vertical-farming-how-technology-is-changing-the-future-of-agriculture/">vertical farming</a>.
Consequently, the global agriculture market is expected to grow to $19.29 trillion in 2028 at a <a href="https://www.thebusinessresearchcompany.com/report/agriculture-global-market-report">CAGR of 7.7%</a>.
Considering these conducive trends, let's take a look at the fundamentals of the top three <a href="https://stocknews.com/category/agriculture/">Agriculture</a> stocks, starting with number 3.
Stock #3: ICL Group Ltd (<a href="https://stocknews.com/stock/ICL/">ICL</a>)
Headquartered in Tel Aviv, Israel, ICL operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products; Potash; Phosphate Solutions; and Growing Solutions.
On February 28, ICL acquired Nitro 1000, a manufacturer, developer and provider of biologicals in Brazil, for approximately $30 million. This acquisition marks another meaningful step into the biologicals market while expanding ICL's product offerings and positioning the company for further expansion into new and adjacent end markets.
ICL's Board of Directors declared a dividend of 4.76 cents per share, or approximately $61 million. The dividend will be paid on March 26. It pays an annual dividend of $0.19 per share, which translates to a dividend yield of 3.54% on the current share price.
Its four-year average yield is 6.20%. ICL's dividend payments have grown at CAGRs of 58.7% and 14.4% over the past three and five years, respectively.
In terms of forward <a href="https://www.investopedia.com/terms/p/price-to-bookratio.asp">Price/Book</a>, ICL is trading at 1.17x, 35.5% lower than the industry average of 1.82x. The stock's forward EV/EBIT multiple of 9.52 is 25.7% lower than the industry average of 12.82.
ICL's trailing-12-month cash from operations of $1.60 billion is 253.4% higher than the industry average of $451.33 million. Its trailing-12-month net income and levered FCF margins of 8.59% and 8.22% are 67.3% and 72.2% higher than the industry averages of 5.13% and 4.77%, respectively.
For the fiscal fourth quarter that ended December 31, 2023, ICL's sales and adjusted operating income stood at $1.69 billion and $211 million, respectively. Moreover, its total adjusted EBITDA stood at $357 million.
For the same quarter, its adjusted net income attributable to the company's shareholders and adjusted earnings per share stood at $123 million and $0.10, respectively.
Street expects ICL's revenue and EPS for the fiscal first quarter ending March 2024 to be $1.89 billion and $0.07, respectively. The company surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
The stock has gained 7.4% year-to-date to close the last trading session at $5.38. Over the past month, it has gained 15.7%.
ICL's robust prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has a B grade for Value, Stability, and Quality. It is ranked #3 out of 24 stocks within the <a href="https://stocknews.com/category/agriculture/">Agriculture</a> industry.
<a href="https://stocknews.com/stock/ICL/">Click here</a> for the additional POWR Ratings for ICL (Growth, Momentum, and Sentiment).
Stock #2: Adecoagro S.A. (<a href="https://stocknews.com/stock/AGRO/">AGRO</a>)
Headquartered in Luxembourg, AGRO operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation.
On November 24, 2023, AGRO made its second cash dividend payment of $17.50 million (approximately $0.16 per share) to shareholders of the company. It pays an annual dividend of $0.33 per share, which translates to a dividend yield of 3.25% on the current share price. Its four-year average yield is 1.35%.
Share repurchase during the first ten months of 2023 amounted to 2.60 million shares (2.40% of AGRO's equity) at an average price of $9.45 per share, totaling $24.30 million.
In terms of forward Price/Book, AGRO is trading at 0.91x, 70.5% lower than the industry average of 3.07x. The stock's forward EV/EBIT multiple of 8.58 is 41.5% lower than the industry average of 14.67.
AGRO's trailing-12-month CAPEX/Sales of 16.41% is 391.3% higher than the industry average of 3.34%. Its trailing-12-month EBITDA and levered FCF margins of 30.86% and 12.64% are 162.7% and 147.2% higher than the industry averages of 11.74% and 5.11%, respectively.
For the fiscal third quarter that ended September 30, 2023, AGRO's gross sales and adjusted EBIT stood at $387.95 million and $87.95 million, up 1.6% and 37.8% year-over-year, respectively. Moreover, its adjusted EBITDA increased 27% from the prior-year quarter to $155.30 million.
For the same quarter, its adjusted net income and adjusted net income per share stood at $88.56 million and $0.83, up 87.6% and 92.5% from the year-ago quarter, respectively.
Street expects AGRO's revenue and EPS for the fiscal year ending December 2024 to increase 5.7% and 2.5% year-over-year to $1.46 billion and $1.32, respectively. The company surpassed consensus revenue estimates in each of the trailing four quarters.
The stock has gained 23.7% over the past year to close the last trading session at $10.08. Over the past nine months, it has gained 15.2%.
AGRO's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, translating to Buy in our proprietary rating system.
AGRO has a B grade for Value and Sentiment. Within the same industry, it is ranked #2.
Beyond what we've stated above, we have also rated the stock for Growth, Momentum, Stability, and Quality. Get all ratings of AGRO <a href="https://stocknews.com/stock/AGRO/">here</a>.
Stock #1: Dole plc (<a href="https://stocknews.com/stock/DOLE/">DOLE</a>)
Headquartered in Dublin, Ireland, DOLE sources, processes, markets, and distributes fresh fruit and vegetables worldwide. The company operates through four segments: Fresh Fruit; Diversified Fresh Produce - EMEA; Diversified Fresh Produce - Americas and ROW; and Fresh Vegetables.
On February 28, DOLE's Board of Directors declared a cash dividend for the fourth quarter of 2023 of $0.08 per share, payable to shareholders on April 4. It pays an annual dividend of $0.32 per share, which translates to a dividend yield of 2.74% on the current share price. Its four-year average yield is 2.07%.
In terms of forward Price/Sales, DOLE is trading at 0.13x, 89.5% lower than the industry average of 1.22x. The stock's forward EV/Sales multiple of 0.28 is 83.5% lower than the industry average of 1.70.
DOLE's trailing-12-month asset turnover ratio of 1.80x is 115.6% higher than the industry average of 0.84x, while its trailing-12-month cash per share of $2.90 is 58.8% higher than the industry average of $1.83.
For the fiscal fourth quarter that ended December 31, 2023, DOLE's net revenues increased 1.5% year-over-year to $2.07 billion, while adjusted EBIT increased marginally from the year-ago quarter to $47.33 million. Moreover, its adjusted EBITDA stood at $76.86 million.
For the same quarter, its adjusted net income for adjusted EPS calculation and adjusted earnings per share stood at $14.83 million and $0.16, respectively.
Street expects DOLE's revenue for the fiscal first quarter ending March 2024 to increase 8.2% year-over-year to $2.14 billion. Its EPS is expected to be $0.31 for the same quarter. The company surpassed consensus EPS estimates in each of the trailing four quarters.
The stock has gained 2% over the past month to close the last trading session at $11.69.
DOLE's POWR Ratings reflect its positive prospects. The stock has an overall B rating, equating to Buy in our proprietary rating system.
DOLE has an A grade for Growth and Value. Within the same industry, it is ranked first.
To see additional POWR Ratings for Momentum, Stability, Sentiment, and Quality for DOLE, <a href="https://stocknews.com/stock/DOLE/">click here</a>.
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ICL shares fell $0.08 (-1.49%) in premarket trading Monday. Year-to-date, ICL has gained 7.39%, versus a 7.90% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/icl-dole-agro-harvest-value-with-these-3-agricultural-technology-stocks/>Harvest Value With These 3 Agricultural Technology Stocks</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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