Dean Foods Company (DF) Updates FY17 Earnings Guidance
Dean Foods Company (NYSE:DF) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79.
Shares of Dean Foods Company (DF) traded up $0.80 during midday trading on Tuesday, reaching $9.99. The company’s stock had a trading volume of 641,684 shares, compared to its average volume of 1,450,000. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.21 and a quick ratio of 0.85. Dean Foods Company has a 1-year low of $9.18 and a 1-year high of $22.31. The company has a market cap of $908.24, a PE ratio of 8.54, a PEG ratio of 1.66 and a beta of 0.53.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts forecast that Dean Foods Company will post 0.8 EPS for the current year.
Several analysts recently issued reports on DF shares. Stifel Nicolaus reissued a buy rating and set a $13.00 target price (down previously from $17.00) on shares of Dean Foods in a research note on Thursday, August 10th. Vertical Group downgraded Dean Foods from a buy rating to a hold rating in a research note on Thursday, August 10th. J P Morgan Chase & Co downgraded Dean Foods from an overweight rating to a neutral rating and decreased their target price for the company from $16.00 to $12.00 in a research note on Tuesday, August 8th. BMO Capital Markets reissued a market perform rating and set a $15.00 target price (down previously from $20.00) on shares of Dean Foods in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC decreased their target price on Dean Foods from $20.00 to $16.00 and set a buy rating on the stock in a research note on Thursday, August 10th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Dean Foods currently has an average rating of Hold and a consensus price target of $14.67.
About Dean Foods
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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