$0.31 EPS Expected for Dean Foods Co (DF) This Quarter
Analysts expect Dean Foods Co (NYSE:DF) to post $0.31 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for Dean Foods’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.38. Dean Foods reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.4%. The firm is expected to report its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that Dean Foods will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.25 to $1.45. For the next financial year, analysts expect that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.14 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Dean Foods.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.04. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share.
A number of analysts have commented on DF shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Dean Foods in a report on Wednesday, April 26th. Vertical Research raised shares of Dean Foods from a “hold” rating to a “buy” rating in a report on Tuesday, February 28th. TheStreet lowered shares of Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a report on Monday, April 24th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $25.00 price target (up previously from $24.50) on shares of Dean Foods in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.00.
Dean Foods (NYSE:DF) traded up 0.05% during midday trading on Friday, hitting $18.45. The stock had a trading volume of 813,659 shares. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $19.70. Dean Foods has a one year low of $15.69 and a one year high of $22.31. The company has a market cap of $1.68 billion, a P/E ratio of 23.87 and a beta of 0.28.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 22nd will be given a $0.09 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.36 annualized dividend and a yield of 1.95%. Dean Foods’s dividend payout ratio is currently 31.30%.
In related news, Director J Wayne Mailloux sold 3,033 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $19.70, for a total value of $59,750.10. Following the sale, the director now directly owns 104,450 shares of the company’s stock, valued at approximately $2,057,665. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 9,099 shares of company stock worth $174,428 over the last ninety days. 2.30% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. boosted its stake in Dean Foods by 20.6% in the first quarter. First Citizens Bank & Trust Co. now owns 14,684 shares of the company’s stock valued at $289,000 after buying an additional 2,509 shares in the last quarter. Sigma Planning Corp bought a new stake in Dean Foods during the first quarter valued at approximately $207,000. Comerica Bank boosted its stake in Dean Foods by 6.1% in the fourth quarter. Comerica Bank now owns 66,551 shares of the company’s stock valued at $1,392,000 after buying an additional 3,849 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Dean Foods by 9.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,480 shares of the company’s stock valued at $337,000 after buying an additional 1,340 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its stake in Dean Foods by 5.8% in the first quarter. Heartland Advisors Inc. now owns 314,145 shares of the company’s stock valued at $6,176,000 after buying an additional 17,352 shares in the last quarter.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Dean Foods Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dean Foods Co and related stocks with our FREE daily email newsletter.