Brokerages forecast that Dean Foods Company (NYSE:DF) will post earnings per share of $0.26 for the current quarter, according to Zacks. Four analysts have issued estimates for Dean Foods’ earnings, with estimates ranging from $0.25 to $0.28. Dean Foods reported earnings per share of $0.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 31.6%. The company is scheduled to issue its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Dean Foods will report full-year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.83. For the next year, analysts expect that the business will report earnings of $0.82 per share, with EPS estimates ranging from $0.64 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Dean Foods.
Dean Foods (NYSE:DF) last announced 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. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Dean Foods had a return on equity of 14.04% and a net margin of 0.53%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS.
Several analysts have weighed in on DF shares. Jefferies Group LLC set a $16.00 price objective on Dean Foods and gave the stock a “buy” rating in a report on Sunday, October 29th. Credit Suisse Group lowered their price target 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. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Morgan Stanley lowered their price target 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, Zacks Investment Research raised Dean Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.06.
Hedge funds have recently made changes to their positions in the company. Capstone Asset Management Co. increased its stake in Dean Foods by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 14,320 shares of the company’s stock worth $243,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank increased its stake in Dean Foods by 1.0% during the 2nd quarter. Amalgamated Bank now owns 12,831 shares of the company’s stock worth $218,000 after purchasing an additional 122 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Dean Foods by 1.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,842 shares of the company’s stock worth $287,000 after purchasing an additional 201 shares in the last quarter. Arizona State Retirement System increased its stake in Dean Foods by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 38,300 shares of the company’s stock worth $651,000 after purchasing an additional 500 shares in the last quarter. Finally, State Treasurer State of Michigan increased its stake in Dean Foods by 1.6% during the 2nd quarter. State Treasurer State of Michigan now owns 37,450 shares of the company’s stock worth $637,000 after purchasing an additional 600 shares in the last quarter. 95.51% of the stock is owned by institutional investors.
Shares of Dean Foods (NYSE DF) traded up $0.07 during trading hours on Monday, reaching $10.05. The company’s stock had a trading volume of 1,251,067 shares, compared to its average volume of 1,713,300. The company has a market cap of $913.90, a PE ratio of 10.85, a P/E/G ratio of 0.93 and a beta of 0.53. Dean Foods has a 12-month low of $9.01 and a 12-month high of $22.31. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.58%. Dean Foods’s dividend payout ratio (DPR) is presently 105.88%.
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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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