Dean Foods Company (DF) Issues Quarterly Earnings Results, Hits Expectations
Dean Foods Company (NYSE:DF) announced its quarterly earnings data on Tuesday. The company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20, Bloomberg Earnings reports. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Dean Foods updated its FY17 guidance to $0.80-0.90 EPS.
Shares of Dean Foods (NYSE:DF) opened at $9.09 on Wednesday. The company has a market capitalization of $835.51, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.63 and a beta of 0.53. Dean Foods has a fifty-two week low of $9.04 and a fifty-two week high of $22.31. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 1.25.
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A number of brokerages have commented on DF. BMO Capital Markets reissued a “market perform” rating on shares of Dean Foods in a research note on Wednesday. Zacks Investment Research cut Dean Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $16.00 price objective on Dean Foods and gave the company a “buy” rating in a research note on Sunday, October 29th. ValuEngine cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price objective (down previously from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Dean Foods currently has an average rating of “Hold” and an average target price of $14.67.
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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