Wall Street analysts forecast that Dean Foods Co (NYSE:DF) will post $1.92 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Dean Foods’ earnings. The lowest sales estimate is $1.90 billion and the highest is $1.96 billion. Dean Foods reported sales of $1.89 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is expected to announce its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Dean Foods will report full-year sales of $7.54 billion for the current fiscal year, with estimates ranging from $7.44 billion to $7.68 billion. For the next year, analysts forecast that the firm will post sales of $7.56 billion, with estimates ranging from $7.25 billion to $7.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Dean Foods.

Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.27). Dean Foods had a negative return on equity of 41.64% and a negative net margin of 5.53%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business posted $0.16 EPS. The company’s quarterly revenue was down 5.5% on a year-over-year basis.

A number of brokerages recently issued reports on DF. ValuEngine downgraded Dean Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. BMO Capital Markets set a $2.00 price objective on Dean Foods and gave the stock a “hold” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.00.

In other Dean Foods news, CEO Eric Beringause acquired 100,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $0.81 per share, for a total transaction of $81,000.00. Following the completion of the transaction, the chief executive officer now owns 100,000 shares of the company’s stock, valued at approximately $81,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DF. Advisory Services Network LLC purchased a new stake in Dean Foods during the second quarter valued at about $26,000. A.R.T. Advisors LLC purchased a new stake in Dean Foods during the second quarter valued at about $43,000. Marshall Wace North America L.P. purchased a new stake in Dean Foods during the first quarter valued at about $49,000. Magnus Financial Group LLC purchased a new stake in Dean Foods during the first quarter valued at about $55,000. Finally, GSA Capital Partners LLP raised its position in Dean Foods by 54.9% during the second quarter. GSA Capital Partners LLP now owns 66,244 shares of the company’s stock valued at $61,000 after purchasing an additional 23,476 shares in the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

Shares of DF stock traded down $0.26 on Monday, reaching $1.59. The company’s stock had a trading volume of 5,701,909 shares, compared to its average volume of 3,206,810. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 6.18. Dean Foods has a 12-month low of $0.72 and a 12-month high of $8.15. The stock’s 50 day simple moving average is $1.16 and its 200-day simple moving average is $1.73.

Dean Foods Company Profile

Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.

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Earnings History and Estimates for Dean Foods (NYSE:DF)

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