Equities research analysts forecast that Dean Foods Co (NYSE:DF) will report earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Dean Foods’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.28. Dean Foods posted 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 announce its next earnings report on Thursday, February 15th.
On average, analysts expect that Dean Foods will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $0.83. For the next financial year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.64 to $1.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Dean Foods.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, November 7th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS.
A number of equities analysts recently issued reports on the stock. Jefferies Group set a $16.00 price target on shares of Dean Foods and gave the stock a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research cut shares of Dean Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Credit Suisse Group dropped their price target on shares of Dean Foods from $10.00 to $8.50 and set an “underperform” rating on the stock in a research note on Wednesday, November 8th. Morgan Stanley dropped their price target on shares of Dean Foods from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 8th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price target (down previously from $15.00) on shares of Dean Foods in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.06.
A number of institutional investors and hedge funds have recently bought and sold shares of DF. FMR LLC lifted its stake in shares of Dean Foods by 56.2% in the 2nd quarter. FMR LLC now owns 2,998,781 shares of the company’s stock worth $50,979,000 after purchasing an additional 1,079,205 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Dean Foods by 51.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,599,750 shares of the company’s stock worth $44,196,000 after purchasing an additional 879,800 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Dean Foods by 597.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 718,335 shares of the company’s stock worth $7,815,000 after purchasing an additional 615,400 shares during the period. Schroder Investment Management Group lifted its stake in shares of Dean Foods by 942.8% in the 3rd quarter. Schroder Investment Management Group now owns 481,324 shares of the company’s stock worth $5,184,000 after purchasing an additional 435,168 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Dean Foods by 11.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,047,962 shares of the company’s stock worth $33,161,000 after purchasing an additional 323,688 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.
Shares of Dean Foods (NYSE DF) traded up $0.06 during trading on Monday, reaching $11.61. 1,096,956 shares of the company were exchanged, compared to its average volume of 1,257,633. The company has a market cap of $1,060.00, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.02 and a beta of 0.59. Dean Foods has a 52 week low of $9.01 and a 52 week high of $21.90. The company has a current ratio of 1.28, a quick ratio of 0.93 and a debt-to-equity ratio of 1.33.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Monday, November 20th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, November 17th. Dean Foods’s dividend payout ratio is currently 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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