Dean Foods Rating Reiterated by Zacks (DF)
Dean Foods (NYSE:DF)‘s stock had its “underperform” rating reiterated by Zacks in a research note issued to investors on Wednesday. They currently have a $15.00 price target on the stock. Zacks‘s price objective suggests a potential downside of 7.06% from the company’s current price.
Zacks’ analyst wrote, “Dean Foods displayed disappointing performance in yet another quarter wherein high raw milk prices dragged the company’s second-quarter 2014 bottom-line results. The company posted an adjusted loss of $0.14 per share from continuing operations contrary to adjusted earnings of $0.26 in the year-ago comparable quarter. Moreover, adjusted loss was wider than the Zacks Consensus Estimate of a loss of $0.05 per share. Gauging current industry trends, Dean Foods expects higher raw milk prices and weak volumes in 2014. Hence, the company withdrew its earnings guidance for 2014 and provided a dismal guidance for the third quarter. We believe the inflationary commodity environment and competitive pressures will continue to weigh on the company’s performance in 2014. Therefore, our long-term Underperform recommendation prevails.”
In other Dean Foods news, SVP C Shay Braun unloaded 5,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $16.22, for a total value of $81,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of other firms have also recently commented on DF. Analysts at S&P Equity Research raised their price target on shares of Dean Foods from $0.26 to $3.39 in a research note on Tuesday, August 12th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Bernstein raised their price target on shares of Dean Foods from $15.00 to $16.00 in a research note on Tuesday, August 12th. Finally, analysts at BB&T Corp. reiterated a “buy” rating on shares of Dean Foods in a research note on Tuesday, August 12th. They now have a $18.00 price target on the stock, down previously from $21.00. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.81.
Shares of Dean Foods (NYSE:DF) traded up 0.46% on Wednesday, hitting $16.215. 395,179 shares of the company’s stock traded hands. Dean Foods has a 52-week low of $13.59 and a 52-week high of $19.88. The stock’s 50-day moving average is $16.29 and its 200-day moving average is $15.97. The company has a market cap of $1.521 billion and a P/E ratio of 4.17.
Dean Foods (NYSE:DF) last released its earnings data on Monday, August 11th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.08. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company posted $0.13 earnings per share. Dean Foods’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Dean Foods will post $-0.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Shareholders of record on Monday, August 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, August 21st.
Dean Foods Company is a food and beverage company. The Company is a processor and direct-to-store distributor of fluid milk and other fluid dairy products in the United States.
To view Zacks’ full report, visit Zacks’ official website.
Receive News & Ratings for Dean Foods Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dean Foods Co and related companies with Analyst Ratings Network's FREE daily email newsletter.