Dean Foods (DF) Stock Rising in Pre-Market Trading on Earnings Beat
NEW YORK (TheStreet) -- Dean Foods (DF) - Get Report stock is up by 7.98% to $19.36 in pre-market trading on Monday morning, after the company's 2015 third quarter earnings results beat analysts' expectations.
Before the market open on Monday, the Dallas-based food and beverage company reported earnings of 30 cents per share. Revenue decreased to $2.03 billion, down from $2.3 billion for the year-ago period.
Analysts were expecting the company to report earnings of 24 cents per share on revenue of $2.05 billion.
"The health of the dairy category is probably as good as it's been in my career at Dean Foods and, among other things, lower-priced milk in terms of both cost and prices at retail is helping support that," Dean Foods CEO Gregg Tanner said in a statement. "Likewise, when you look at our financials, there's clearly more driving our improved results than just the benefit of cheaper milk."
The company's 2015 full year earnings estimate is between $1.15 per share and $1.25 per share.
Separately, TheStreet Ratings team rates DEAN FOODS CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
We rate DEAN FOODS CO (DF) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and generally higher debt management risk.
You can view the full analysis from the report here: DF
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