Wall Street brokerages predict that Dean Foods Co (NYSE:DF) will report sales of $1.85 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Dean Foods’ earnings, with the lowest sales estimate coming in at $1.79 billion and the highest estimate coming in at $1.90 billion. Dean Foods reported sales of $1.94 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 6th.
On average, analysts expect that Dean Foods will report full-year sales of $7.70 billion for the current fiscal year, with estimates ranging from $7.56 billion to $7.78 billion. For the next financial year, analysts expect that the business will report sales of $7.44 billion per share, with estimates ranging from $6.79 billion to $7.95 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Dean Foods.
Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.21 EPS.
DF has been the subject of a number of research analyst reports. Zacks Investment Research raised Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, July 31st. Jefferies Financial Group set a $13.00 target price on Dean Foods and gave the company a “buy” rating in a research report on Tuesday, August 28th. Deutsche Bank raised Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 target price for the company in a research report on Wednesday, August 8th. Vertical Group lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, BMO Capital Markets decreased their target price on Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.06.
Shares of DF stock traded down $0.03 on Friday, reaching $7.44. 1,371,200 shares of the company’s stock were exchanged, compared to its average volume of 1,650,295. Dean Foods has a 52 week low of $7.42 and a 52 week high of $12.09. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.47. The firm has a market capitalization of $696.27 million, a P/E ratio of 9.34, a P/E/G ratio of 1.45 and a beta of 0.29.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Friday, August 17th. Dean Foods’s dividend payout ratio (DPR) is presently 45.00%.
In other news, major shareholder Value Vals Ag Vv bought 350,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average cost of $8.31 per share, with a total value of $2,908,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of Dean Foods by 276.6% in the 2nd quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock worth $187,000 after acquiring an additional 27,935 shares in the last quarter. Millennium Management LLC raised its position in shares of Dean Foods by 1,775.0% in the 2nd quarter. Millennium Management LLC now owns 937,510 shares of the company’s stock worth $9,853,000 after acquiring an additional 887,510 shares in the last quarter. MetLife Investment Advisors LLC raised its position in shares of Dean Foods by 31.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 42,544 shares of the company’s stock worth $447,000 after acquiring an additional 10,070 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Dean Foods in the 2nd quarter worth $370,000. Finally, Sterling Capital Management LLC bought a new position in shares of Dean Foods in the 2nd quarter worth $1,109,000. 85.15% of the stock is owned by hedge funds and other 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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