Dean Foods Company (DF) Expected to Post Quarterly Sales of $1.96 Billion
Analysts predict that Dean Foods Company (NYSE:DF) will post $1.96 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Dean Foods’ earnings. The lowest sales estimate is $1.94 billion and the highest is $1.98 billion. Dean Foods posted sales of $1.85 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The business is expected to report its next earnings results before the market opens on Tuesday, August 8th.
On average, analysts expect that Dean Foods will report full-year sales of $1.96 billion for the current fiscal year, with estimates ranging from $7.76 billion to $8.10 billion. For the next year, analysts forecast that the business will report sales of $7.97 billion per share, with estimates ranging from $7.50 billion to $8.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dean Foods.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by $0.09. Dean Foods had a net margin of 0.91% and a return on equity of 19.34%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $0.38 earnings per share. Dean Foods’s quarterly revenue was up 4.2% compared to the same quarter last year.
Several brokerages have recently weighed in on DF. ValuEngine upgraded Dean Foods from a “hold” rating to a “buy” rating in a research report on Tuesday. Vertical Research cut Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday. J P Morgan Chase & Co cut Dean Foods from an “overweight” rating to a “neutral” rating in a research report on Tuesday. Stephens cut Dean Foods from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Finally, Jefferies Group LLC set a $20.00 price target on Dean Foods and gave the company a “buy” rating in a research report on Saturday, July 29th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Dean Foods has a consensus rating of “Hold” and an average target price of $18.71.
Several hedge funds and other institutional investors have recently bought and sold shares of DF. Pacad Investment Ltd. boosted its position in Dean Foods by 8.3% in the second quarter. Pacad Investment Ltd. now owns 11,800 shares of the company’s stock valued at $201,000 after buying an additional 900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dean Foods by 63.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,689 shares of the company’s stock valued at $981,000 after buying an additional 22,444 shares during the period. Usca Ria LLC boosted its position in Dean Foods by 1.6% in the second quarter. Usca Ria LLC now owns 69,611 shares of the company’s stock valued at $1,183,000 after buying an additional 1,103 shares during the period. American Century Companies Inc. boosted its position in Dean Foods by 18.9% in the second quarter. American Century Companies Inc. now owns 2,692,679 shares of the company’s stock valued at $45,776,000 after buying an additional 427,929 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Dean Foods by 8.1% in the second quarter. Victory Capital Management Inc. now owns 30,578 shares of the company’s stock valued at $520,000 after buying an additional 2,286 shares during the period.
Dean Foods (DF) opened at 11.86 on Wednesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.34 and a beta of 0.54. The firm has a 50-day moving average of $16.16 and a 200 day moving average of $18.39. Dean Foods has a 12-month low of $11.80 and a 12-month high of $22.31.
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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