Wall Street brokerages expect Brown-Forman Co. (NYSE:BF.B) to report earnings per share of $0.51 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Brown-Forman’s earnings, with estimates ranging from $0.49 to $0.52. Brown-Forman reported earnings per share of $0.47 in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The business is expected to issue its next quarterly earnings report on Wednesday, March 4th.
According to Zacks, analysts expect that Brown-Forman will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.84. For the next financial year, analysts anticipate that the company will report earnings of $1.92 per share, with EPS estimates ranging from $1.87 to $1.96. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Brown-Forman.
BF.B has been the topic of several recent research reports. MKM Partners initiated coverage on shares of Brown-Forman in a report on Thursday, September 19th. They set a “neutral” rating and a $59.00 target price on the stock. Royal Bank of Canada set a $57.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a report on Monday, August 26th. Barclays set a $66.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a report on Friday, August 30th. Pivotal Research restated a “buy” rating and set a $65.00 target price on shares of Brown-Forman in a report on Thursday, August 29th. Finally, ValuEngine lowered shares of Brown-Forman from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.13.
Shares of NYSE:BF.B traded up $0.58 during midday trading on Friday, hitting $63.85. 715,000 shares of the company’s stock traded hands, compared to its average volume of 1,304,283. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.80 and a current ratio of 3.94. The company has a market cap of $30.44 billion, a PE ratio of 36.91, a P/E/G ratio of 4.67 and a beta of 0.65. The firm’s fifty day moving average price is $65.45 and its two-hundred day moving average price is $59.96. Brown-Forman has a twelve month low of $44.57 and a twelve month high of $68.99.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 5th will be paid a dividend of $0.174 per share. This is an increase from Brown-Forman’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.70 annualized dividend and a yield of 1.09%. Brown-Forman’s payout ratio is 40.46%.
Brown-Forman Company Profile
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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