Wall Street brokerages expect that Dean Foods Co (NYSE:DF) will post $1.85 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Dean Foods’ earnings, with the lowest sales estimate coming in at $1.78 billion and the highest estimate coming in at $1.90 billion. Dean Foods posted sales of $1.94 billion in the same quarter last year, which would indicate a negative year over year growth rate of 4.6%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, November 7th.

According to Zacks, analysts expect that Dean Foods will report full year sales of $7.70 billion for the current year, with estimates ranging from $7.56 billion to $7.78 billion. For the next year, analysts expect that the firm will post sales of $7.68 billion, with estimates ranging from $7.23 billion to $8.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Dean Foods.

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

A number of research analysts recently commented on DF shares. Zacks Investment Research raised shares of Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, July 31st. Jefferies Financial Group set a $13.00 price objective on shares of Dean Foods and gave the company a “buy” rating in a research report on Tuesday, August 28th. Deutsche Bank raised shares of Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 price objective on the stock in a research report on Wednesday, August 8th. Vertical Group downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, ValuEngine raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Dean Foods currently has an average rating of “Hold” and an average target price of $9.06.

DF traded down $0.24 on Friday, reaching $7.65. 1,087,418 shares of the company traded hands, compared to its average volume of 1,451,347. Dean Foods has a 52-week low of $6.94 and a 52-week high of $12.09. The company has a market capitalization of $699.01 million, a PE ratio of 9.56, a PEG ratio of 1.53 and a beta of 0.28. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.47.

In other Dean Foods news, major shareholder Value Vals Ag Vv bought 350,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was bought at an average cost of $8.31 per share, with a total value of $2,908,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Trexquant Investment LP grew its position in Dean Foods by 50.0% in the second quarter. Trexquant Investment LP now owns 34,303 shares of the company’s stock worth $361,000 after acquiring an additional 11,438 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Dean Foods by 85.9% during the 1st quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock worth $6,237,000 after buying an additional 334,401 shares during the period. Price Capital Management Inc. bought a new stake in shares of Dean Foods during the 2nd quarter worth $725,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Dean Foods during the 2nd quarter worth $203,000. Finally, Sterling Capital Management LLC bought a new stake in shares of Dean Foods during the 2nd quarter worth $1,109,000. 85.11% of the stock is owned by 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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