Brokerages Anticipate Dean Foods Co (DF) Will Announce Quarterly Sales of $1.90 Billion

Brokerages predict that Dean Foods Co (NYSE:DF) will post sales of $1.90 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Dean Foods’ earnings, with the highest sales estimate coming in at $1.95 billion and the lowest estimate coming in at $1.80 billion. Dean Foods reported sales of $1.98 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The company is expected to issue its next earnings results before the market opens on Tuesday, May 14th.

On average, analysts expect that Dean Foods will report full-year sales of $7.78 billion for the current year, with estimates ranging from $7.48 billion to $7.95 billion. For the next financial year, analysts anticipate that the business will report sales of $7.66 billion, with estimates ranging from $7.00 billion to $8.22 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Dean Foods.

Dean Foods (NYSE:DF) last issued its quarterly earnings results on Wednesday, February 27th. The company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.23). Dean Foods had a negative return on equity of 7.87% and a negative net margin of 4.22%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business earned $0.25 earnings per share. Dean Foods’s revenue for the quarter was down .3% compared to the same quarter last year.

Several equities research analysts recently weighed in on the company. Credit Suisse Group set a $3.00 price target on Dean Foods and gave the stock a “sell” rating in a report on Thursday, February 28th. BMO Capital Markets decreased their price target on Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Finally, JPMorgan Chase & Co. raised Dean Foods from an “underweight” rating to a “neutral” rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.00.

A number of institutional investors have recently added to or reduced their stakes in DF. Bank of New York Mellon Corp lifted its holdings in Dean Foods by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,660,996 shares of the company’s stock valued at $11,793,000 after acquiring an additional 51,463 shares during the period. BlackRock Inc. lifted its holdings in Dean Foods by 1.1% in the third quarter. BlackRock Inc. now owns 13,765,942 shares of the company’s stock valued at $97,739,000 after acquiring an additional 156,377 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Dean Foods by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 7,682,596 shares of the company’s stock valued at $54,546,000 after acquiring an additional 63,583 shares during the period. GSA Capital Partners LLP acquired a new stake in Dean Foods in the third quarter valued at $109,000. Finally, JPMorgan Chase & Co. lifted its holdings in Dean Foods by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 1,073,909 shares of the company’s stock valued at $7,624,000 after acquiring an additional 22,833 shares during the period. 89.00% of the stock is owned by institutional investors.

Shares of NYSE DF traded up $0.18 during mid-day trading on Thursday, hitting $1.82. 2,994,765 shares of the company were exchanged, compared to its average volume of 3,269,518. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.30 and a quick ratio of 0.94. Dean Foods has a 1-year low of $1.63 and a 1-year high of $11.14. The company has a market cap of $166.90 million, a PE ratio of -3.87 and a beta of 0.42.

Dean Foods Company Profile

Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.

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Earnings History and Estimates for Dean Foods (NYSE:DF)

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