Dean Foods Co (DF) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.38. The company posted revenue of $1878.80 million in the period, compared to analysts expectations of $1876.66 million. The company’s revenue was down -8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Dean Foods Co. Dean Foods Co was Downgraded by BB&T Capital Mkts to ” Hold” on Feb 23, 2016.
Dean Foods Co closed down -0.01 points or -0.06% at $18.07 with 21,02,637 shares getting traded on Friday. Post opening the session at $18.15, the shares hit an intraday low of $17.78 and an intraday high of $18.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 4, 2016, John R Muse (director) sold 50,000 shares at $19.27 per share price. According to the SEC, on Jan 5, 2015, Hector M Nevares (director) sold 13,841 shares at $19.52 per share price.
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. It manufactures markets and distributes a variety of branded and private label dairy case products including fluid milk ice cream cultured dairy products creamers juice tea ice cream mix and other dairy products to retailers distributors foodservice outlets educational institutions and Governmental entities across the United States. The Company delivers its products to customer locations in refrigerated trucks or trailers that it owns or leases. Its products are sold on a local or regional basis through local and regional sales forces. The Company operates approximately 68 manufacturing facilities in 32 states located based on customer needs and other market factors with distribution capabilities across 50 states. Its portfolio of brands include TruMoo Alta Dena Berkeley Farms Country Fresh and Dean’s among others.