Brokerages expect Dean Foods Co (NYSE:DF) to post $1.91 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Dean Foods’ earnings, with the highest sales estimate coming in at $1.94 billion and the lowest estimate coming in at $1.85 billion. Dean Foods posted sales of $1.94 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.5%. The company is scheduled to announce its next earnings report on Monday, February 25th.
According to Zacks, analysts expect that Dean Foods will report full year sales of $7.73 billion for the current financial year, with estimates ranging from $7.68 billion to $7.77 billion. For the next financial year, analysts expect that the business will report sales of $7.63 billion, with estimates ranging from $7.35 billion to $8.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Dean Foods.
Dean Foods (NYSE:DF) last announced its quarterly earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. Dean Foods had a negative net margin of 0.19% and a positive return on equity of 4.01%. Dean Foods’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Jefferies Financial Group set a $13.00 target price on shares of Dean Foods and gave the stock a “buy” rating in a research report on Tuesday, August 28th. ValuEngine downgraded shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Credit Suisse Group cut their target price on shares of Dean Foods from $7.00 to $4.00 and set a “sell” rating for the company in a research report on Thursday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Dean Foods from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $9.00 to $6.00 in a research report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Dean Foods currently has an average rating of “Hold” and a consensus price target of $7.56.
A number of large investors have recently bought and sold shares of DF. Cornerstone Wealth Management LLC bought a new stake in shares of Dean Foods during the 2nd quarter valued at $516,000. GSA Capital Partners LLP bought a new stake in shares of Dean Foods during the 3rd quarter valued at $109,000. Jane Street Group LLC grew its position in shares of Dean Foods by 276.6% during the 2nd quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock valued at $187,000 after acquiring an additional 27,935 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Dean Foods during the 2nd quarter valued at $203,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Dean Foods during the 2nd quarter valued at $237,000. 83.82% of the stock is owned by institutional investors and hedge funds.
Shares of DF opened at $4.51 on Friday. The company has a market cap of $426.84 million, a P/E ratio of 5.64 and a beta of -0.03. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. Dean Foods has a twelve month low of $4.32 and a twelve month high of $12.09.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Monday, November 19th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, November 16th. Dean Foods’s dividend payout ratio (DPR) is presently 15.00%.
Dean Foods Company Profile
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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