Analysts expect that Dean Foods Co (NYSE:DF) will post $0.01 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Dean Foods’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at ($0.14). Dean Foods reported earnings per share of $0.20 during the same quarter last year, which would suggest a negative year-over-year growth rate of 95%. The firm is scheduled to report its next quarterly earnings results on Tuesday, November 6th.
On average, analysts expect that Dean Foods will report full-year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.67. For the next financial year, analysts expect that the company will post earnings of $0.70 per share, with EPS estimates ranging from $0.54 to $0.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Dean Foods.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a net margin of 0.17% and a return on equity of 10.88%. During the same period in the previous year, the firm posted $0.21 earnings per share.
A number of research firms recently issued reports on DF. Zacks Investment Research upgraded shares of Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, July 31st. Deutsche Bank upgraded shares of Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 target price for the company in a report on Wednesday. Vertical Group downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. BMO Capital Markets lowered their target price on shares of Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, ValuEngine upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.44.
In other Dean Foods news, major shareholder Value Vals Ag Vv acquired 350,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was bought at an average cost of $8.31 per share, for a total transaction of $2,908,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Philadelphia Trust Co. grew its stake in Dean Foods by 2.6% during the second quarter. Philadelphia Trust Co. now owns 413,020 shares of the company’s stock worth $4,341,000 after buying an additional 10,400 shares during the period. FMR LLC grew its stake in Dean Foods by 1.5% during the second quarter. FMR LLC now owns 2,256,537 shares of the company’s stock worth $23,716,000 after buying an additional 34,222 shares during the period. Dimensional Fund Advisors LP grew its stake in Dean Foods by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,619,013 shares of the company’s stock worth $80,077,000 after buying an additional 578,975 shares during the period. Legal & General Group Plc grew its stake in Dean Foods by 4.6% during the second quarter. Legal & General Group Plc now owns 271,536 shares of the company’s stock worth $2,865,000 after buying an additional 11,930 shares during the period. Finally, Edgestream Partners L.P. grew its stake in Dean Foods by 16.8% during the second quarter. Edgestream Partners L.P. now owns 51,086 shares of the company’s stock worth $537,000 after buying an additional 7,366 shares during the period. Institutional investors own 82.10% of the company’s stock.
Shares of Dean Foods traded up $0.07, reaching $8.61, during midday trading on Friday, according to MarketBeat.com. 1,688,642 shares of the stock were exchanged, compared to its average volume of 1,671,272. The company has a market cap of $780.34 million, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.59 and a beta of 0.46. Dean Foods has a 52-week low of $8.03 and a 52-week high of $12.34. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, August 17th. This represents a $0.36 annualized dividend and a yield of 4.18%. Dean Foods’s dividend payout ratio is currently 45.00%.
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.
Read More: What is the NASDAQ?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dean Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dean Foods and related companies with MarketBeat.com's FREE daily email newsletter.