Zacks: Analysts Anticipate Dean Foods Co (DF) Will Post Earnings of $0.01 Per Share

Wall Street brokerages expect Dean Foods Co (NYSE:DF) to report earnings of $0.01 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Dean Foods’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at ($0.14). Dean Foods reported earnings of $0.20 per share in the same quarter last year, which indicates a negative year over year growth rate of 95%. The company is expected to announce its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Dean Foods will report full year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.67. For the next year, analysts forecast that the company will post earnings of $0.70 per share, with EPS estimates ranging from $0.54 to $0.89. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Dean Foods.

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

A number of research analysts recently issued reports on DF shares. Goldman Sachs Group downgraded shares of Dean Foods from a “neutral” rating to a “sell” rating and decreased their target price for the company from $10.00 to $8.00 in a research report on Monday, April 16th. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Monday, April 30th. ValuEngine downgraded shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Deutsche Bank downgraded shares of Dean Foods from a “hold” rating to a “sell” rating and set a $9.00 target price for the company. in a research report on Monday, May 14th. Finally, Vertical Group downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $9.44.

In other news, major shareholder Value Vals Ag Vv acquired 350,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $8.31 per share, for a total transaction of $2,908,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new position in shares of Dean Foods during the 2nd quarter worth about $516,000. Edgestream Partners L.P. raised its position in shares of Dean Foods by 16.8% during the 2nd quarter. Edgestream Partners L.P. now owns 51,086 shares of the company’s stock worth $537,000 after purchasing an additional 7,366 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Dean Foods by 10.3% during the 1st quarter. Gabelli Funds LLC now owns 86,000 shares of the company’s stock worth $741,000 after purchasing an additional 8,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dean Foods by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 62,784 shares of the company’s stock worth $659,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Dean Foods by 5.9% during the 1st quarter. Swiss National Bank now owns 158,400 shares of the company’s stock worth $1,365,000 after purchasing an additional 8,800 shares during the last quarter. Institutional investors and hedge funds own 82.10% of the company’s stock.

NYSE DF traded up $0.07 on Friday, reaching $8.61. 1,688,642 shares of the company’s stock traded hands, compared to its average volume of 1,671,272. The company has a market capitalization of $780.34 million, a PE ratio of 10.76, a P/E/G ratio of 1.59 and a beta of 0.46. Dean Foods has a fifty-two week low of $8.03 and a fifty-two week high of $12.34. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.14.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th will be given a $0.09 dividend. The ex-dividend date is Friday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.18%. Dean Foods’s dividend payout ratio (DPR) is currently 45.00%.

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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