Dean Foods (DF) Posts Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Dean Foods (NYSE:DF) released its earnings results on Wednesday. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.22), MarketWatch Earnings reports. Dean Foods had a net margin of 0.17% and a return on equity of 10.88%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.20 earnings per share. Dean Foods’s quarterly revenue was down 2.3% compared to the same quarter last year. Dean Foods updated its FY18 guidance to ($0.30-0.10) EPS and its FY 2018 guidance to $-0.3–0.1 EPS.

DF stock opened at $5.79 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.04. Dean Foods has a one year low of $5.62 and a one year high of $12.09. The firm has a market cap of $703.58 million, a price-to-earnings ratio of 7.24, a P/E/G ratio of 1.54 and a beta of 0.02.

A number of hedge funds have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia bought a new position in Dean Foods during the third quarter worth $325,000. JPMorgan Chase & Co. boosted its position in Dean Foods by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 1,073,909 shares of the company’s stock worth $7,624,000 after purchasing an additional 22,833 shares during the period. Arnhold LLC boosted its position in Dean Foods by 204.7% during the third quarter. Arnhold LLC now owns 399,170 shares of the company’s stock worth $2,834,000 after purchasing an additional 268,170 shares during the period. LSV Asset Management boosted its position in Dean Foods by 0.3% during the third quarter. LSV Asset Management now owns 4,475,144 shares of the company’s stock worth $31,773,000 after purchasing an additional 12,100 shares during the period. Finally, Systematic Financial Management LP boosted its position in Dean Foods by 18.9% during the third quarter. Systematic Financial Management LP now owns 183,570 shares of the company’s stock worth $1,303,000 after purchasing an additional 29,120 shares during the period. 85.06% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on DF. Jefferies Financial Group cut shares of Dean Foods from a “buy” rating to a “hold” rating and decreased their target price for the company from $13.00 to $6.00 in a research note on Thursday. Deutsche Bank set a $5.00 target price on shares of Dean Foods and gave the company a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.94.

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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 for Dean Foods (NYSE:DF)

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