(DF) Dean Foods – Bull of the Day

Dean Foods Co. (DF) first-quarter 2012 earnings of $0.31 per share came ahead of the Zacks Consensus Estimate of $0.21 and jumped over two-fold from the prior-year period, primarily driven by a recovery in its fluid milk business with continuous growth at its WhiteWave-Alpro business. The company’s net sales grew 5.4% due to
better pricing strategy coupled with robust segmental performance.

The company now forecasts full-year 2012 adjusted earnings in the range of $1.10 to $1.20 a share, up from $0.87-$0.95 forecasted earlier. The company has taken initiatives to restructure operations in an effort to reduce costs while expanding its branded product business through acquisitions.

Moreover, in a move to optimize its capital allocation and concentrate on core business activities, Dean Foods intends to divest under-performing businesses. Currently, we are maintaining a long-term Outperform recommendation on the stock.

DEAN FOODS CO (DF): Free Stock Analysis Report

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