Equities research analysts predict that Dean Foods Co (NYSE:DF) will announce $1.85 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Dean Foods’ earnings. The highest sales estimate is $1.92 billion and the lowest is $1.80 billion. Dean Foods reported sales of $2.00 billion during the same quarter last year, which would suggest a negative year over year growth rate of 7.5%. The firm is scheduled to report its next earnings results on Tuesday, May 8th.
On average, analysts expect that Dean Foods will report full year sales of $1.85 billion for the current fiscal year, with estimates ranging from $7.13 billion to $7.70 billion. For the next year, analysts anticipate that the firm will post sales of $7.38 billion per share, with estimates ranging from $7.05 billion to $7.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Dean Foods.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 in the prior year, the firm posted $0.38 earnings per share. Dean Foods’s revenue for the quarter was down 4.1% compared to the same quarter last year.
A number of research firms have weighed in on DF. ValuEngine downgraded Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $10.00 price target (down previously from $12.00) on shares of Dean Foods in a research report on Tuesday, February 27th. Zacks Investment Research downgraded Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Stifel Nicolaus reduced their price target on Dean Foods from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Dean Foods in a research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Dean Foods currently has a consensus rating of “Hold” and an average price target of $12.15.
In other news, SVP Jose A. Motta sold 8,733 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $9.28, for a total transaction of $81,042.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Dean Foods by 35.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,568,319 shares of the company’s stock worth $18,130,000 after purchasing an additional 413,402 shares in the last quarter. Aperio Group LLC raised its stake in Dean Foods by 53.7% in the 3rd quarter. Aperio Group LLC now owns 124,751 shares of the company’s stock valued at $1,357,000 after acquiring an additional 43,610 shares during the period. Schroder Investment Management Group raised its stake in Dean Foods by 942.8% in the 3rd quarter. Schroder Investment Management Group now owns 481,324 shares of the company’s stock valued at $5,184,000 after acquiring an additional 435,168 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Dean Foods in the 4th quarter valued at $229,000. Finally, Prudential Financial Inc. raised its stake in Dean Foods by 293.6% in the 3rd quarter. Prudential Financial Inc. now owns 243,407 shares of the company’s stock valued at $2,648,000 after acquiring an additional 181,560 shares during the period. Institutional investors own 85.39% of the company’s stock.
Dean Foods (NYSE DF) traded down $0.37 during trading hours on Monday, reaching $8.84. The company’s stock had a trading volume of 2,110,000 shares, compared to its average volume of 2,250,000. Dean Foods has a 52-week low of $8.32 and a 52-week high of $20.10. 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 has a market cap of $805.07, a P/E ratio of 221.00, a P/E/G ratio of 1.95 and a beta of 0.53.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Monday, March 19th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, March 16th. Dean Foods’s dividend payout ratio is currently 900.00%.
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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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