May 29, 2020

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Investors Watch-list: Dean Foods Company (NYSE: DF)

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The USA based company Dean Foods Company (NYSE: DF) closed with change of -0.71% to $8.34 with the total traded volume of 1356944 shares versus to an average volume of 2.01M. The stock was down in the 5 days activity -3.14%. The one month performance of stock was -6.50%. DF shares are at -10.71% for the quarter and driving a -56.63% return over the course of the past year and is now at -27.85% since this point in 2018.

Right now DF beta is 0.57. The average volatility for the week and month was at 3.22% 3.07% respectively.

Dean Foods Company (NYSE: DF) today declared first quarter 2018 results.

Highlights

Q1 loss per diluted share was $0.00 and adjusted earnings per diluted share was $0.14; on track to deliver full-year expectations

Volume performance and mix in-line with expectations

Strong execution of SG&A cost reductions as part of the Company’s enterprise-wide cost productivity plan

Reaffirms full-year 2018 adjusted earnings expectation of $0.55 to $0.80 per diluted share(1)

Chief Executive Officer Ralph Scozzafava said, “Our execution in the first quarter was solid and I’m pleased with our overall progress. Our volume and mix were in-line with our expectations and the traction that we’re getting across our enterprise-wide cost productivity plan is ramping up. We took important initial steps to lower our cost base. The initiatives we executed late last year and in the first quarter of 2018 are clearly working as evidenced by the benefits reading through in our results. We will continue to build upon this momentum to deliver on our target of $150 million in incremental run-rate savings by 2020.”

Cash Flow

Net cash provided by continuing operations for the three months ended March 31, 2018, totaled $39 million. Free cash flow provided by continuing operations, which is defined as net cash provided by continuing operations less capital expenditures, was $22 million for the three months ended March 31, 2018, a $3 million increase as compared to the prior year period. Capital expenditures totaled $17 million for the three months ended March 31, 2018.

Debt

Total outstanding debt at March 31, 2018, net of $28 million cash on hand, was approximately $884 million. The Company’s net debt to bank EBITDA total leverage ratio, on an all-cash netted basis, was flat on a sequential basis at 2.68 times at the end of the first quarter 2018.

Forward Outlook

“As we move forward in 2018, we are focused on executing our commercial agenda and cost productivity initiatives that will drive our strategic plan. We have been successful in driving early results in the administrative area against our enterprise-wide productivity plan with more work to be done. We will now begin the next phase by right-sizing our network to better match volume. We will incur transitory costs as the execution of our plans will lag the exit of specific customer volume and have firm plans in place to remove the fixed costs from our system within this year. We are also implementing plans to mitigate expected headwinds in non-dairy input costs while executing our strategic initiatives. I’m confident in our ability to execute these actions, and we are therefore reaffirming our full-year adjusted diluted earnings per share range of $0.55 to $0.80. Our full-year free cash flow and capital expenditure guidance remains unchanged,” concluded Scozzafava.

We provide guidance on a non-GAAP basis and are unable to provide a full reconciliation to GAAP without unreasonable efforts as we cannot predict the amount or timing of certain elements which are included in reported GAAP results, including mark-to-market adjustments of hedging activities, asset impairment charges, and other non-recurring events or transactions that may significantly affect reported GAAP results.

Shares of Dean Foods Company have been recently spotted trading -58.26% off of the 52-week high price. On the other end, company shares have been noted 2.46% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 8.14 – 19.98. Switching over to some distances from popular moving averages, we see that the stock has been recorded -4.66% away from the 50 day moving average and -20.85% away from the 200 day moving average. Moving closer, we can see that shares have been trading -3.10% off of the 20-day moving average.

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