Brown Forman Corporation (BF.B) Expected to Post Earnings of $0.53 Per Share

Analysts forecast that Brown Forman Corporation (NYSE:BF.B) will post earnings per share (EPS) of $0.53 for the current quarter, Zacks reports. Four analysts have made estimates for Brown Forman Corporation’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.54. Brown Forman Corporation posted earnings per share of $0.50 during the same quarter last year, which would indicate a positive year over year growth rate of 6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, December 6th.

On average, analysts expect that Brown Forman Corporation will report full-year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.88 to $1.93. For the next financial year, analysts forecast that the business will report earnings of $2.05 per share, with EPS estimates ranging from $2.01 to $2.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Brown Forman Corporation.

Brown Forman Corporation (NYSE:BF.B) last posted its quarterly earnings data on Wednesday, August 30th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Brown Forman Corporation had a net margin of 17.84% and a return on equity of 53.63%. The company had revenue of $723 million for the quarter, compared to analyst estimates of $690.38 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.

A number of equities research analysts have recently issued reports on BF.B shares. Societe Generale downgraded shares of Brown Forman Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 8th. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price target on shares of Brown Forman Corporation in a research note on Tuesday, June 13th. Credit Suisse Group downgraded shares of Brown Forman Corporation from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $51.00 to $53.00 in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of Brown Forman Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $51.00 price target on shares of Brown Forman Corporation in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $51.88.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 7th will be paid a dividend of $0.183 per share. This is an increase from Brown Forman Corporation’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Wednesday, September 6th. Brown Forman Corporation’s dividend payout ratio is presently 40.56%.

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Brown Forman Corporation Company Profile

Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.

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