Dean Foods Co (DF) Expected to Announce Quarterly Sales of $1.95 Billion

Equities research analysts expect Dean Foods Co (NYSE:DF) to post sales of $1.95 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Dean Foods’ earnings, with the lowest sales estimate coming in at $1.92 billion and the highest estimate coming in at $1.97 billion. Dean Foods posted sales of $2.02 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.5%. The business is scheduled to report its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Dean Foods will report full year sales of $1.95 billion for the current year, with estimates ranging from $7.77 billion to $7.83 billion. For the next year, analysts expect that the business will post sales of $7.38 billion per share, with estimates ranging from $7.07 billion to $7.70 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Dean Foods.

Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company posted $0.37 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday. Vertical Group upgraded Dean Foods from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Credit Suisse Group reduced their target price on Dean Foods from $10.00 to $8.50 and set an “underperform” rating for the company in a research note on Wednesday, November 8th. Morgan Stanley reduced their target price on Dean Foods from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price (down from $15.00) on shares of Dean Foods in a research note on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.05.

Shares of Dean Foods (NYSE DF) opened at $11.27 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.28 and a quick ratio of 0.93. The company has a market capitalization of $1,014.54, a PE ratio of 24.50, a PEG ratio of 0.98 and a beta of 0.59. Dean Foods has a 12 month low of $9.01 and a 12 month high of $20.84.

A number of hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in Dean Foods by 1.0% during the 2nd quarter. Amalgamated Bank now owns 12,831 shares of the company’s stock valued at $218,000 after purchasing an additional 122 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Dean Foods by 6.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,278 shares of the company’s stock valued at $192,000 after purchasing an additional 717 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Dean Foods by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 199,799 shares of the company’s stock valued at $3,397,000 after purchasing an additional 1,165 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Dean Foods by 8.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 18,370 shares of the company’s stock valued at $312,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in Dean Foods by 40.7% during the 2nd quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after purchasing an additional 2,271 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.

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Dean Foods Company Profile

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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Earnings History and Estimates for Dean Foods (NYSE:DF)

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