-$0.05 EPS Expected for Dean Foods Co (DF) This Quarter

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Equities analysts expect that Dean Foods Co (NYSE:DF) will report earnings per share of ($0.05) for the current quarter, Zacks reports. Five analysts have made estimates for Dean Foods’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.14). Dean Foods posted earnings of $0.20 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 125%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, November 7th.

According to Zacks, analysts expect that Dean Foods will report full year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.43. For the next year, analysts anticipate that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.55 to $0.71. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Dean Foods.

Dean Foods (NYSE:DF) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $0.21 earnings per share.

Several research firms have recently weighed in on DF. ValuEngine raised Dean Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Deutsche Bank raised Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 price objective for the company in a research report on Wednesday, August 8th. Vertical Group cut Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Zacks Investment Research raised Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, July 31st. Finally, BMO Capital Markets reduced their price objective on Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.06.

Shares of DF traded up $0.08 during mid-day trading on Friday, hitting $7.58. The company’s stock had a trading volume of 715,600 shares, compared to its average volume of 1,604,651. Dean Foods has a one year low of $6.94 and a one year high of $12.09. The company has a current ratio of 1.47, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $692.62 million, a price-to-earnings ratio of 9.48, a P/E/G ratio of 1.44 and a beta of 0.28.

In other news, major shareholder Value Vals Ag Vv bought 350,000 shares of Dean Foods stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average cost of $8.31 per share, with a total value of $2,908,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of DF. BlackRock Inc. lifted its position in Dean Foods by 14.9% in the first quarter. BlackRock Inc. now owns 13,049,006 shares of the company’s stock worth $112,482,000 after purchasing an additional 1,692,082 shares during the period. Dimensional Fund Advisors LP lifted its position in Dean Foods by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,040,038 shares of the company’s stock worth $60,685,000 after purchasing an additional 1,046,391 shares during the period. Millennium Management LLC lifted its position in Dean Foods by 1,775.0% in the second quarter. Millennium Management LLC now owns 937,510 shares of the company’s stock worth $9,853,000 after purchasing an additional 887,510 shares during the period. Principal Financial Group Inc. lifted its position in Dean Foods by 85.9% in the first quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock worth $6,237,000 after purchasing an additional 334,401 shares during the period. Finally, WBI Investments Inc. bought a new position in Dean Foods in the second quarter worth $3,252,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

About Dean Foods

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.

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

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