Equities research analysts predict that Dean Foods Co (NYSE:DF) will post $1.92 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Dean Foods’ earnings, with estimates ranging from $1.90 billion to $1.96 billion. Dean Foods posted sales of $1.89 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The business is expected to issue its next earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that Dean Foods will report full-year sales of $7.56 billion for the current financial year, with estimates ranging from $7.44 billion to $7.73 billion. For the next fiscal year, analysts expect that the business will post sales of $7.39 billion, with estimates ranging from $7.00 billion to $7.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Dean Foods.
Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, August 6th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.27). Dean Foods had a negative net margin of 5.53% and a negative return on equity of 41.64%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis.
DF traded up $0.10 during trading on Friday, hitting $1.16. 93,461 shares of the company’s stock traded hands, compared to its average volume of 3,584,523. The company’s 50 day simple moving average is $1.13 and its two-hundred day simple moving average is $2.10. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 6.18. Dean Foods has a 12-month low of $0.72 and a 12-month high of $8.15. The stock has a market capitalization of $81.65 million, a price-to-earnings ratio of -2.47 and a beta of 0.38.
In related news, CEO Eric Beringause bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of $0.81 per share, with a total value of $81,000.00. Following the acquisition, the chief executive officer now owns 100,000 shares in the company, valued at $81,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC purchased a new stake in shares of Dean Foods in the second quarter valued at about $2,389,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Dean Foods by 1,129.7% in the second quarter. Cubist Systematic Strategies LLC now owns 69,578 shares of the company’s stock valued at $64,000 after acquiring an additional 63,920 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Dean Foods by 236.8% in the second quarter. Morgan Stanley now owns 7,610,399 shares of the company’s stock valued at $7,031,000 after acquiring an additional 5,350,651 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Dean Foods by 320.6% in the second quarter. Invesco Ltd. now owns 4,177,389 shares of the company’s stock valued at $3,859,000 after acquiring an additional 3,184,225 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Dean Foods in the second quarter valued at about $43,000. 84.08% of the stock is currently owned by institutional investors.
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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