Analysts Anticipate Dean Foods Co (DF) Will Announce Quarterly Sales of $1.90 Billion

Wall Street analysts expect Dean Foods Co (NYSE:DF) to report $1.90 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Dean Foods’ earnings. The highest sales estimate is $1.94 billion and the lowest is $1.85 billion. Dean Foods reported sales of $1.94 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.1%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, February 27th.

According to Zacks, analysts expect that Dean Foods will report full-year sales of $7.73 billion for the current fiscal year, with estimates ranging from $7.67 billion to $7.77 billion. For the next financial year, analysts anticipate that the business will report sales of $7.64 billion, with estimates ranging from $7.41 billion to $8.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Dean Foods.

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Several equities research analysts have recently issued reports on DF shares. ValuEngine lowered shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 7th. TheStreet lowered shares of Dean Foods from a “c-” rating to a “d+” rating in a research note on Wednesday, November 21st. Jefferies Financial Group lowered shares of Dean Foods from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.00 to $6.00 in a research note on Thursday, November 8th. Credit Suisse Group decreased their price target on shares of Dean Foods from $7.00 to $4.00 and set a “sell” rating on the stock in a research note on Thursday, November 8th. Finally, Deutsche Bank set a $5.00 price target on shares of Dean Foods and gave the company a “hold” rating in a research note on Wednesday, November 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Dean Foods has a consensus rating of “Hold” and an average target price of $7.56.

Shares of DF stock traded down $0.07 during mid-day trading on Friday, hitting $4.66. 1,078,552 shares of the stock were exchanged, compared to its average volume of 1,456,439. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 1.52. Dean Foods has a 52-week low of $3.61 and a 52-week high of $11.14. The firm has a market cap of $436.89 million, a P/E ratio of 5.82 and a beta of 0.43.

A number of institutional investors have recently modified their holdings of DF. SG Americas Securities LLC raised 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 acquiring an additional 1,591,078 shares during the last quarter. Schroder Investment Management Group raised its holdings in Dean Foods by 1,077.3% in the 3rd quarter. Schroder Investment Management Group now owns 629,589 shares of the company’s stock valued at $4,470,000 after acquiring an additional 576,112 shares during the last quarter. BlackRock Inc. raised its holdings in Dean Foods by 3.7% in the 4th quarter. BlackRock Inc. now owns 14,277,006 shares of the company’s stock valued at $54,396,000 after acquiring an additional 511,064 shares during the last quarter. BlueMountain Capital Management LLC raised its holdings in Dean Foods by 731.3% in the 3rd quarter. BlueMountain Capital Management LLC now owns 500,977 shares of the company’s stock valued at $3,557,000 after acquiring an additional 440,716 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Dean Foods by 311.4% in the 4th quarter. Squarepoint Ops LLC now owns 443,540 shares of the company’s stock valued at $1,690,000 after acquiring an additional 335,723 shares during the last quarter. 84.42% of the stock is currently owned by hedge funds and other institutional investors.

About Dean Foods

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.

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