FY2017 Earnings Estimate for Dean Foods Company Issued By Jefferies Group (DF)
Dean Foods Company (NYSE:DF) – Research analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of Dean Foods in a report released on Wednesday. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings of $0.79 per share for the year, down from their previous forecast of $0.81. Jefferies Group currently has a “Buy” rating and a $16.00 target price on the stock. Jefferies Group also issued estimates for Dean Foods’ Q4 2017 earnings at $0.25 EPS, FY2018 earnings at $0.94 EPS and FY2019 earnings at $1.07 EPS.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Dean Foods’s revenue was down 1.4% compared to the same quarter last year.
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A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a research note on Friday. Credit Suisse Group decreased their price target on shares of Dean Foods from $10.00 to $8.50 and set an “underperform” rating on the stock in a research note on Wednesday. Morgan Stanley decreased their price target on shares of Dean Foods from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price target (down previously from $15.00) on shares of Dean Foods in a research note on Wednesday. Finally, ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Dean Foods currently has an average rating of “Hold” and an average price target of $13.06.
Shares of Dean Foods (DF) opened at $9.53 on Friday. Dean Foods has a 52 week low of $9.01 and a 52 week high of $22.31. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.85 and a current ratio of 1.28. The firm has a market cap of $871.56, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.69 and a beta of 0.53.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.78%. Dean Foods’s dividend payout ratio is presently 78.26%.
Several large investors have recently modified their holdings of DF. PNC Financial Services Group Inc. boosted its stake in shares of Dean Foods by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after purchasing an additional 686 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Dean Foods by 9.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 16,990 shares of the company’s stock valued at $334,000 after purchasing an additional 1,510 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dean Foods by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock valued at $226,260,000 after purchasing an additional 536,720 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Dean Foods by 12,150.7% in the 1st quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock valued at $221,271,000 after purchasing an additional 11,162,988 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Dean Foods by 12.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,561 shares of the company’s stock valued at $208,000 after purchasing an additional 1,145 shares in the last quarter.
Dean Foods Company Profile
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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