Wall Street analysts expect Dean Foods (NYSE:DF) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Dean Foods’ earnings. The highest EPS estimate is $0.18 and the lowest is $0.10. Dean Foods also reported earnings per share of $0.13 during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Dean Foods will report full-year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.69. For the next fiscal year, analysts anticipate that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.75 to $0.96. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Dean Foods.
Dean Foods (NYSE:DF) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). Dean Foods had a net margin of 0.79% and a return on equity of 11.80%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.38 earnings per share. Dean Foods’s revenue for the quarter was down 4.1% on a year-over-year basis.
A number of equities analysts have commented on the stock. Vertical Group raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research raised shares of Dean Foods from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, January 18th. ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley set a $10.00 price objective on shares of Dean Foods and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $10.00 price objective (down previously from $12.00) on shares of Dean Foods in a research report on Tuesday, February 27th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.86.
DF traded up $0.10 during trading on Friday, reaching $8.92. 257,662 shares of the stock were exchanged, compared to its average volume of 1,980,660. The company has a market cap of $809.55, a price-to-earnings ratio of 11.11, a PEG ratio of 1.84 and a beta of 0.45. Dean Foods has a twelve month low of $8.18 and a twelve month high of $20.05. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 1.39.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Monday, March 19th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, March 16th. Dean Foods’s payout ratio is 45.00%.
In related news, SVP Jose A. Motta sold 8,733 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $9.28, for a total value of $81,042.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates bought a new position in Dean Foods in the 4th quarter worth about $122,000. MANA Advisors LLC bought a new stake in shares of Dean Foods during the 4th quarter valued at about $195,000. Stuart Chaussee & Associates Inc. bought a new stake in Dean Foods in the 4th quarter worth approximately $205,000. Stoneridge Investment Partners LLC bought a new stake in Dean Foods in the 4th quarter worth approximately $229,000. Finally, Heartland Advisors Inc. bought a new stake in Dean Foods in the 4th quarter worth approximately $241,000. 85.31% of the stock is owned by institutional investors.
About Dean Foods
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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