Equities analysts expect Brown-Forman Co. (NYSE:BF.B) to report $0.37 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Brown-Forman’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. Brown-Forman posted earnings of $0.41 per share during the same quarter last year, which suggests a negative year over year growth rate of 9.8%. The company is scheduled to report its next earnings report before the market opens on Wednesday, August 28th.
On average, analysts expect that Brown-Forman will report full year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.76 to $1.80. For the next fiscal year, analysts anticipate that the company will post earnings of $1.93 per share, with EPS estimates ranging from $1.92 to $1.96. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Brown-Forman.
Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $744.00 million for the quarter, compared to the consensus estimate of $761.71 million. Brown-Forman had a net margin of 25.12% and a return on equity of 55.62%.
Several brokerages have recently issued reports on BF.B. Barclays set a $60.00 price objective on shares of Brown-Forman and gave the stock a “hold” rating in a research note on Friday, June 7th. Zacks Investment Research downgraded shares of Brown-Forman from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. ValuEngine upgraded shares of Brown-Forman from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th. Finally, Pivotal Research reiterated a “buy” rating and set a $65.00 price target on shares of Brown-Forman in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Brown-Forman currently has a consensus rating of “Hold” and a consensus target price of $54.67.
Shares of Brown-Forman stock traded up $0.10 during midday trading on Wednesday, hitting $58.25. The company had a trading volume of 1,482,300 shares, compared to its average volume of 1,252,405. The business’s 50 day simple moving average is $55.93 and its two-hundred day simple moving average is $53.01. The stock has a market cap of $27.75 billion, a PE ratio of 33.67, a P/E/G ratio of 4.29 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 1-year low of $44.57 and a 1-year high of $58.71.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be paid a dividend of $0.166 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.14%. Brown-Forman’s dividend payout ratio is currently 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.
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