Dean Foods Co (NYSE:DF) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.35-1.55 for the period, compared to the Thomson Reuters consensus estimate of $1.40.
Dean Foods Co (NYSE:DF) traded up 0.470% during midday trading on Friday, reaching $18.185. 611,211 shares of the company traded hands. Dean Foods Co has a one year low of $15.69 and a one year high of $22.31. The company has a 50 day moving average price of $19.41 and a 200-day moving average price of $19.71. The stock has a market capitalization of $1.65 billion, a P/E ratio of 23.525 and a beta of 0.28.
Dean Foods (NYSE:DF) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.04. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Analysts forecast that Dean Foods Co will post $1.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 22nd will be issued a $0.09 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.36 annualized dividend and a yield of 1.99%. Dean Foods’s dividend payout ratio (DPR) is currently 31.30%.
DF has been the topic of several research analyst reports. Vertical Research upgraded shares of Dean Foods from a hold rating to a buy rating in a report on Tuesday, February 28th. Jefferies Group LLC reiterated a buy rating and set a $24.00 price target on shares of Dean Foods in a research note on Wednesday, April 26th. TheStreet lowered shares of Dean Foods from a b rating to a c+ rating in a research note on Tuesday, May 9th. Zacks Investment Research upgraded shares of Dean Foods from a sell rating to a hold rating and set a $22.00 price target on the stock in a research note on Monday, April 24th. Finally, Sanford C. Bernstein lowered shares of Dean Foods from an outperform rating to a market perform rating and upped their target price for the stock from $21.31 to $22.00 in a research note on Thursday, January 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $22.67.
In other news, Director J Wayne Mailloux sold 3,033 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $18.50, for a total value of $56,110.50. Following the completion of the transaction, the director now owns 105,073 shares in the company, valued at $1,943,850.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 9,099 shares of company stock valued at $174,428. Company insiders own 2.30% of the company’s stock.
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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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