Dean Foods Co (NYSE:DF) – Investment analysts at Jefferies Financial Group reduced their Q1 2019 earnings per share (EPS) estimates for shares of Dean Foods in a report released on Monday, March 25th, according to Zacks Investment Research. Jefferies Financial Group analyst A. Jagdale now forecasts that the company will post earnings of ($0.25) per share for the quarter, down from their prior forecast of ($0.08). Jefferies Financial Group also issued estimates for Dean Foods’ Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.04) EPS, Q4 2019 earnings at ($0.03) EPS, FY2019 earnings at ($0.40) EPS, FY2020 earnings at $0.12 EPS and FY2021 earnings at $0.67 EPS.
Several other brokerages also recently commented on DF. Credit Suisse Group set a $3.00 price target on shares of Dean Foods and gave the company a “sell” rating in a research report on Thursday, February 28th. BMO Capital Markets reduced their price target on shares of Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Finally, JPMorgan Chase & Co. upgraded shares of Dean Foods from an “underweight” rating to a “neutral” rating in a research 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.00.
Dean Foods (NYSE:DF) last posted its earnings results on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.23). The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. Dean Foods had a negative return on equity of 7.87% and a negative net margin of 4.22%. Dean Foods’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS.
A number of hedge funds have recently added to or reduced their stakes in the business. Sigma Planning Corp acquired a new position in shares of Dean Foods during the 4th quarter worth $44,000. Susquehanna Fundamental Investments LLC bought a new stake in Dean Foods in the 4th quarter valued at $45,000. SG Americas Securities LLC boosted its holdings in Dean Foods by 100.9% in the 4th quarter. SG Americas Securities LLC now owns 13,862 shares of the company’s stock valued at $53,000 after purchasing an additional 1,591,078 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Dean Foods in the 4th quarter valued at $58,000. Finally, GSA Capital Partners LLP bought a new stake in Dean Foods in the 3rd quarter valued at $109,000. Institutional investors own 88.90% of the company’s stock.
About Dean Foods
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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