Zacks: Analysts Anticipate Dean Foods Co (DF) Will Announce Earnings of -$0.15 Per Share

Analysts predict that Dean Foods Co (NYSE:DF) will post earnings per share of ($0.15) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Dean Foods’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.37). Dean Foods reported earnings of $0.14 per share during the same quarter last year, which would suggest a negative year over year growth rate of 207.1%. The firm is scheduled to issue its next earnings results on Tuesday, May 14th.

On average, analysts expect that Dean Foods will report full-year earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.68) to $0.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.03 per share, with EPS estimates ranging from ($0.71) to $0.33. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Dean Foods.

Dean Foods (NYSE:DF) last issued its earnings results on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.24). Dean Foods had a negative net margin of 4.22% and a negative return on equity of 7.87%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. TheStreet cut shares of Dean Foods from a “c-” rating to a “d+” rating in a research report on Wednesday, November 21st. Credit Suisse Group set a $3.00 price target on shares of Dean Foods and gave the company a “sell” rating in a research report on Thursday, February 28th. BMO Capital Markets dropped their target price on shares of Dean Foods from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, February 28th. Finally, JPMorgan Chase & Co. raised shares of Dean Foods from an “underweight” rating to a “neutral” rating in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new stake in shares of Dean Foods during the 4th quarter worth $35,000. Sigma Planning Corp bought a new stake in Dean Foods in the fourth quarter worth $44,000. Susquehanna Fundamental Investments LLC bought a new stake in Dean Foods in the fourth quarter worth $45,000. SG Americas Securities LLC raised its stake in shares of Dean Foods by 100.9% during the fourth quarter. SG Americas Securities LLC now owns 13,862 shares of the company’s stock valued at $53,000 after acquiring an additional 1,591,078 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Dean Foods during the fourth quarter valued at about $58,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

NYSE DF traded up $0.12 during trading hours on Friday, hitting $3.00. The company’s stock had a trading volume of 2,436,262 shares, compared to its average volume of 1,950,313. Dean Foods has a 52 week low of $2.73 and a 52 week high of $11.14. The stock has a market cap of $256.06 million, a price-to-earnings ratio of -6.38 and a beta of 0.46. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.94 and a current ratio of 1.30.

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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