Shares of Dean Foods Co (NYSE:DF) were down 0.1% on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $8.32 and last traded at $8.80. Approximately 2,480,449 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 1,889,598 shares. The stock had previously closed at $8.81.
The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Dean Foods had a net margin of 0.79% and a return on equity of 11.80%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis.
Several brokerages have recently weighed in on DF. BMO Capital Markets restated a “market perform” rating and set a $12.00 target price (down from $15.00) on shares of Dean Foods in a research note on Wednesday, November 8th. Credit Suisse Group lowered their target price on Dean Foods from $10.00 to $8.50 and set an “underperform” rating for the company in a research note on Wednesday, November 8th. Vertical Group upgraded Dean Foods from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Morgan Stanley lowered their target price on Dean Foods from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.15.
The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 1.39. The stock has a market cap of $789.59, a PE ratio of 216.75, a P/E/G ratio of 0.93 and a beta of 0.39.
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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