Analysts Anticipate Dean Foods Co (DF) to Post $0.17 Earnings Per Share

Analysts Anticipate Dean Foods Co (DF) to Post $0.17 Earnings Per Share

Equities research analysts expect that Dean Foods Co (NYSE:DF) will announce $0.17 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Dean Foods’ earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.19. Dean Foods posted earnings per share of $0.45 during the same quarter last year, which would indicate a negative year-over-year growth rate of 62.2%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, May 9th.

On average, analysts expect that Dean Foods will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.35 to $1.54. For the next financial year, analysts expect that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.35 to $2.03. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Dean Foods.

Dean Foods (NYSE:DF) last issued its earnings results on Thursday, February 16th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.03. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.36 EPS. Dean Foods’s quarterly revenue was down .2% on a year-over-year basis.

Several equities research analysts have recently weighed in on DF shares. Zacks Investment Research cut Dean Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, January 20th. Vertical Research raised Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, February 28th. Sanford C. Bernstein cut Dean Foods from an “outperform” rating to a “market perform” rating and increased their price target for the company from $21.31 to $22.00 in a research note on Thursday, January 19th. Morgan Stanley raised Dean Foods from a “neutral” rating to an “overweight” rating in a research note on Friday, March 17th. Finally, JPMorgan Chase & Co. raised Dean Foods from a “neutral” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Friday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.20.

In related news, Director J Wayne Mailloux sold 3,033 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $18.50, for a total transaction of $56,110.50. Following the sale, the director now owns 105,073 shares in the company, valued at approximately $1,943,850.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 9,099 shares of company stock worth $174,428. 2.30% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in DF. TFS Capital LLC acquired a new stake in shares of Dean Foods during the first quarter valued at approximately $287,000. First Eagle Investment Management LLC raised its position in shares of Dean Foods by 113.9% in the first quarter. First Eagle Investment Management LLC now owns 1,260,380 shares of the company’s stock valued at $24,779,000 after buying an additional 671,195 shares during the last quarter. Sei Investments Co. raised its position in shares of Dean Foods by 1.9% in the first quarter. Sei Investments Co. now owns 239,808 shares of the company’s stock valued at $4,715,000 after buying an additional 4,492 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Dean Foods during the first quarter valued at about $2,264,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Dean Foods by 1.9% in the first quarter. Gamco Investors INC. ET AL now owns 14,437 shares of the company’s stock valued at $284,000 after buying an additional 264 shares during the last quarter.

Shares of Dean Foods (NYSE:DF) traded down 0.93% during trading on Wednesday, reaching $19.23. The company’s stock had a trading volume of 1,286,417 shares. The company’s 50 day moving average price is $19.50 and its 200 day moving average price is $19.58. Dean Foods has a 12 month low of $15.69 and a 12 month high of $22.31. The firm has a market cap of $1.75 billion, a PE ratio of 14.66 and a beta of 0.28.

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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