Dean Foods Co (NYSE:DF) – Equities researchers at Jefferies Financial Group dropped their Q1 2019 earnings estimates for Dean Foods in a research report issued to clients and investors on Monday, March 25th. 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 previous estimate 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.

A number of other research analysts have also recently weighed in on DF. BMO Capital Markets cut their price objective on shares of Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Credit Suisse Group set a $3.00 price objective on shares of Dean Foods and gave the company a “sell” rating in a report on Thursday, February 28th. Finally, JPMorgan Chase & Co. raised shares of Dean Foods from an “underweight” rating to a “neutral” rating in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.29.

DF opened at $3.17 on Thursday. Dean Foods has a fifty-two week low of $2.73 and a fifty-two week high of $11.14. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.30 and a quick ratio of 0.94. The firm has a market capitalization of $287.61 million, a price-to-earnings ratio of -6.74 and a beta of 0.46.

Dean Foods (NYSE:DF) last issued its earnings results on Wednesday, February 27th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.24). Dean Foods had a negative return on equity of 7.87% and a negative net margin of 4.22%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business earned $0.25 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in DF. Norges Bank acquired a new stake in shares of Dean Foods in the fourth quarter valued at about $6,971,000. SG Americas Securities LLC grew its position in shares of Dean Foods by 100.9% in the fourth 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. Schroder Investment Management Group grew its position in shares of Dean Foods by 1,077.3% in the third quarter. Schroder Investment Management Group now owns 629,589 shares of the company’s stock valued at $4,470,000 after purchasing an additional 576,112 shares during the period. BlackRock Inc. grew its position in shares of Dean Foods by 3.7% in the fourth quarter. BlackRock Inc. now owns 14,277,006 shares of the company’s stock valued at $54,396,000 after purchasing an additional 511,064 shares during the period. Finally, BlueMountain Capital Management LLC grew its position in shares of Dean Foods by 731.3% in the third quarter. BlueMountain Capital Management LLC now owns 500,977 shares of the company’s stock valued at $3,557,000 after purchasing an additional 440,716 shares during the period. Institutional investors and hedge funds own 89.15% 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.

Further Reading: Cost of Debt

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

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