We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dean Foods Upped to Rank #1 on Solid Q1: Stock to Gain?
Read MoreHide Full Article
On May 26, 2016, Zacks Investment Research upgraded Texas-based milk and other dairy products company, Dean Foods Company to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Dean Foods recently posted first-quarter 2016 results, wherein both the top and bottom lines beat the Zacks Consensus Estimate, and earnings also exceeded management’s guidance. Shares of the company have gained 2.2% since the earnings announcement.
A look at the company’s earnings history reveals that the bottom line has outperformed the Zacks Consensus Estimate for five consecutive quarters, by an average of 17.8% over the trailing four quarters. Apart from this, the first quarter also marked Dean Foods’ fifth straight year-over-year improvement in earnings, gross profit and adjusted operating income.
Results mainly benefited from lower milk costs and robust execution across all business operations. The company remains impressed with its progress, given its solid operational and financial results, and is optimistic about carrying this momentum forward in the future.
We believe that all the aforementioned factors led to the upward revisions in Dean Foods’ earnings estimates as analysts have become more constructive on the stock’s future performance. Evidently, the Zacks Consensus Estimate jumped 14.2% to $1.53 for 2016 and 3.6% to $1.43 for 2017 over the past 30 days.
Additionally, Dean Foods remains focused on taking strategic steps to optimize its capital allocation and concentrate on core business activities. The company’s strategic measures, which are focused on three controllable factors – price realization, cost productivity and volumes at margins, are likely to aid in delivering appropriate returns even in the face of industry headwinds.
Stocks to Consider
Other well-ranked stocks in the Consumer Staples space include Post Holdings, Inc. (POST - Free Report) , B&G Foods Inc. (BGS - Free Report) and Omega Protein Corporation , each sporting a Zacks Rank #1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dean Foods Upped to Rank #1 on Solid Q1: Stock to Gain?
On May 26, 2016, Zacks Investment Research upgraded Texas-based milk and other dairy products company, Dean Foods Company to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Dean Foods recently posted first-quarter 2016 results, wherein both the top and bottom lines beat the Zacks Consensus Estimate, and earnings also exceeded management’s guidance. Shares of the company have gained 2.2% since the earnings announcement.
A look at the company’s earnings history reveals that the bottom line has outperformed the Zacks Consensus Estimate for five consecutive quarters, by an average of 17.8% over the trailing four quarters. Apart from this, the first quarter also marked Dean Foods’ fifth straight year-over-year improvement in earnings, gross profit and adjusted operating income.
Results mainly benefited from lower milk costs and robust execution across all business operations. The company remains impressed with its progress, given its solid operational and financial results, and is optimistic about carrying this momentum forward in the future.
We believe that all the aforementioned factors led to the upward revisions in Dean Foods’ earnings estimates as analysts have become more constructive on the stock’s future performance. Evidently, the Zacks Consensus Estimate jumped 14.2% to $1.53 for 2016 and 3.6% to $1.43 for 2017 over the past 30 days.
Additionally, Dean Foods remains focused on taking strategic steps to optimize its capital allocation and concentrate on core business activities. The company’s strategic measures, which are focused on three controllable factors – price realization, cost productivity and volumes at margins, are likely to aid in delivering appropriate returns even in the face of industry headwinds.
Stocks to Consider
Other well-ranked stocks in the Consumer Staples space include Post Holdings, Inc. (POST - Free Report) , B&G Foods Inc. (BGS - Free Report) and Omega Protein Corporation , each sporting a Zacks Rank #1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>