Dean Foods (NYSE:DF) Updates FY18 Earnings Guidance

Dean Foods (NYSE:DF) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.65.

NYSE:DF traded up $0.09 on Friday, hitting $7.62. 1,543,100 shares of the stock were exchanged, compared to its average volume of 1,649,407. The firm has a market capitalization of $679.83 million, a PE ratio of 9.41, a P/E/G ratio of 1.43 and a beta of 0.46. 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 fifty-two week low of $7.42 and a fifty-two week high of $12.09.

Dean Foods (NYSE:DF) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. During the same period in the prior year, the firm posted $0.21 earnings per share. research analysts anticipate that Dean Foods will post 0.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 29th. Shareholders of record on Monday, August 20th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, August 17th. This represents a $0.36 annualized dividend and a yield of 4.72%. Dean Foods’s dividend payout ratio is presently 45.00%.

Several equities research analysts have recently weighed in on DF shares. Zacks Investment Research raised Dean Foods from a sell rating to a hold rating in a research report on Tuesday, August 21st. Deutsche Bank downgraded Dean Foods from a hold rating to a sell rating and set a $9.00 target price for the company. in a research report on Monday, May 14th. ValuEngine downgraded Dean Foods from a sell rating to a strong sell rating in a research report on Tuesday, July 24th. Vertical Group downgraded Dean Foods from a buy rating to a hold rating in a research report on Tuesday, August 7th. Finally, JPMorgan Chase & Co. downgraded Dean Foods from a neutral rating to an underweight rating and decreased their target price for the stock from $9.00 to $6.00 in a research report on Friday, August 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $9.06.

In related news, major shareholder Value Vals Ag Vv bought 350,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was bought at an average price of $8.31 per share, with a total value of $2,908,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Dean Foods Company Profile

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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