Dean Foods Company (DF) Reaches New 12-Month Low on Disappointing Earnings

Dean Foods Company (NYSE:DF) hit a new 52-week low on Tuesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $12.11 and last traded at $12.06, with a volume of 7,851,315 shares. The stock had previously closed at $14.97.

The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.09. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a return on equity of 19.34% and a net margin of 0.91%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 21st will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.16%. Dean Foods’s payout ratio is 46.75%.

A number of brokerages recently issued reports on DF. Wells Fargo & Company cut Dean Foods from an “outperform” rating to a “market perform” rating in a report on Wednesday. BMO Capital Markets decreased their target price on Dean Foods from $20.00 to $15.00 and set a “market perform” rating on the stock in a report on Wednesday. TheStreet downgraded Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. J P Morgan Chase & Co downgraded Dean Foods from an “overweight” rating to a “neutral” rating in a report on Tuesday. Finally, Vertical Research downgraded Dean Foods from a “buy” rating to a “hold” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.67.

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Dean Foods by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $111,000 after buying an additional 686 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Dean Foods by 17.5% in the second quarter. LS Investment Advisors LLC now owns 7,275 shares of the company’s stock worth $124,000 after buying an additional 1,081 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Dean Foods during the second quarter worth $172,000. ING Groep NV bought a new stake in shares of Dean Foods during the second quarter worth $188,000. Finally, Pacad Investment Ltd. boosted its stake in shares of Dean Foods by 8.3% in the second quarter. Pacad Investment Ltd. now owns 11,800 shares of the company’s stock worth $201,000 after buying an additional 900 shares in the last quarter.

The stock has a market cap of $1.04 billion, a PE ratio of 14.75 and a beta of 0.54. The stock’s 50-day moving average is $16.16 and its 200 day moving average is $18.39.

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About Dean Foods

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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