Brown-Forman Co. (NYSE:BF.B) – Analysts at SunTrust Banks lowered their FY2018 EPS estimates for Brown-Forman in a note issued to investors on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $1.47 for the year, down from their prior estimate of $1.56. SunTrust Banks also issued estimates for Brown-Forman’s Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.82 EPS.
A number of other research analysts have also issued reports on BF.B. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.20 target price (up from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Pivotal Research lowered Brown-Forman from a “buy” rating to a “hold” rating and lifted their target price for the stock from $49.60 to $52.00 in a report on Thursday, December 7th. Societe Generale raised Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group reissued a “neutral” rating and issued a $48.80 price target (up previously from $44.00) on shares of Brown-Forman in a research note on Thursday, December 7th. Finally, Barclays initiated coverage on Brown-Forman in a research note on Wednesday, January 10th. They issued an “equal weight” rating and a $57.60 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.07.
Brown-Forman (NYSE:BF.B) last released its earnings results on Wednesday, March 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $870.06 million. Brown-Forman had a return on equity of 55.27% and a net margin of 18.15%. Brown-Forman’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share.
The business also recently declared a dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 2nd will be paid a $1.00 dividend. The ex-dividend date is Thursday, March 29th. This is a boost from Brown-Forman’s previous dividend of $0.15. Brown-Forman’s dividend payout ratio (DPR) is currently 40.65%.
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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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