Jefferies Group Equities Analysts Cut Earnings Estimates for Dean Foods Company (DF)
Dean Foods Company (NYSE:DF) – Jefferies Group cut their Q3 2017 earnings estimates for Dean Foods in a research report issued on Wednesday. Jefferies Group analyst A. Jagdale now forecasts that the company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.46. Jefferies Group has a “Buy” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Dean Foods’ Q4 2017 earnings at $0.24 EPS, FY2017 earnings at $0.84 EPS, Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $0.99 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.01 EPS and FY2019 earnings at $1.11 EPS.
Several other research firms have also recently weighed in on DF. TheStreet cut Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Zacks Investment Research cut Dean Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. BidaskClub cut Dean Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Credit Suisse Group restated an “underperform” rating and set a $14.00 price target (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $15.40.
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Shares of Dean Foods (NYSE DF) opened at 12.24 on Monday. The firm’s 50-day moving average is $15.37 and its 200-day moving average is $18.11. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 20.07 and a beta of 0.54. Dean Foods has a one year low of $11.19 and a one year high of $22.31.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.09. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Dean Foods by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $111,000 after buying an additional 686 shares in the last quarter. Riverhead Capital Management LLC raised its position in Dean Foods by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 7,128 shares of the company’s stock worth $121,000 after buying an additional 2,728 shares in the last quarter. LS Investment Advisors LLC raised its position in Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after buying an additional 1,081 shares in the last quarter. Advisor Group Inc. raised its position in Dean Foods by 40.7% in the second quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock worth $133,000 after buying an additional 2,271 shares in the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in Dean Foods during the second quarter worth approximately $172,000.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 21st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, August 17th. Dean Foods’s dividend payout ratio is currently 60.00%.
About Dean Foods
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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