Equities analysts forecast that Brown-Forman Co. (NYSE:BF.B) will announce $772.21 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Brown-Forman’s earnings. The highest sales estimate is $786.68 million and the lowest is $747.20 million. Brown-Forman posted sales of $766.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, August 28th.
According to Zacks, analysts expect that Brown-Forman will report full-year sales of $3.49 billion for the current fiscal year, with estimates ranging from $3.47 billion to $3.51 billion. For the next financial year, analysts anticipate that the company will post sales of $3.67 billion, with estimates ranging from $3.64 billion to $3.71 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Brown-Forman.
Brown-Forman (NYSE:BF.B) last released its earnings results on Wednesday, June 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The firm had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $761.71 million. Brown-Forman had a return on equity of 55.62% and a net margin of 25.12%.
A number of research firms have issued reports on BF.B. ValuEngine upgraded Brown-Forman from a “hold” rating to a “buy” rating in a report on Thursday, June 6th. Zacks Investment Research downgraded shares of Brown-Forman from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Pivotal Research restated a “buy” rating and set a $65.00 price objective on shares of Brown-Forman in a research note on Thursday, June 6th. Finally, Barclays set a $60.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.67.
BF.B stock traded up $0.75 during trading hours on Friday, reaching $58.29. 11,878 shares of the stock were exchanged, compared to its average volume of 1,029,220. The firm’s 50-day moving average is $55.70 and its 200-day moving average is $52.82. The company has a market cap of $27.21 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 4.25 and a beta of 0.70. The company has a debt-to-equity ratio of 1.39, a current ratio of 3.87 and a quick ratio of 1.71. Brown-Forman has a 12 month low of $44.57 and a 12 month high of $57.98.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be given a dividend of $0.166 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.66 annualized dividend and a yield of 1.14%. Brown-Forman’s dividend payout ratio (DPR) is presently 38.15%.
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
Featured Article: What is the Stochastic Momentum Index (SMI)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brown-Forman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brown-Forman and related companies with MarketBeat.com's FREE daily email newsletter.