$1.99 Billion in Sales Expected for Dean Foods Company (DF) This Quarter
Wall Street brokerages forecast that Dean Foods Company (NYSE:DF) will post sales of $1.99 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Dean Foods’ earnings. The highest sales estimate is $2.02 billion and the lowest is $1.95 billion. Dean Foods posted sales of $1.96 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The firm is scheduled to announce its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Dean Foods will report full year sales of $1.99 billion for the current financial year, with estimates ranging from $7.84 billion to $7.98 billion. For the next fiscal year, analysts anticipate that the company will post sales of $7.79 billion per share, with estimates ranging from $7.41 billion to $8.14 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Dean Foods.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.09. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.
Several analysts have recently commented on DF shares. Jefferies Group LLC set a $20.00 target price on Dean Foods and gave the company a “buy” rating in a research note on Saturday, July 29th. ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $13.00 target price (down from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. TheStreet downgraded Dean Foods from a “b” rating to a “c+” rating in a research note on Tuesday, May 9th. Finally, Stephens downgraded Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a research note on Tuesday, August 8th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.40.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Dean Foods by 69.8% in the first quarter. Bank of Montreal Can now owns 360,004 shares of the company’s stock worth $7,077,000 after buying an additional 148,037 shares during the period. Capstone Asset Management Co. boosted its stake in Dean Foods by 0.8% in the first quarter. Capstone Asset Management Co. now owns 14,220 shares of the company’s stock worth $280,000 after buying an additional 110 shares during the period. Louisiana State Employees Retirement System boosted its stake in Dean Foods by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock worth $450,000 after buying an additional 500 shares during the period. Sigma Planning Corp bought a new stake in Dean Foods during the first quarter worth approximately $207,000. Finally, 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 worth $289,000 after buying an additional 2,509 shares during the period.
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Dean Foods (DF) traded up 0.73% during trading on Friday, hitting $11.10. The company had a trading volume of 1,190,313 shares. The firm has a 50-day moving average of $13.87 and a 200 day moving average of $17.51. Dean Foods has a 12-month low of $10.91 and a 12-month high of $22.31. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.20 and a beta of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 21st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.24%. Dean Foods’s dividend payout ratio is currently 60.00%.
Dean Foods Company Profile
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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