Brokerages Anticipate Brown-Forman Co. (NYSE:BF.B) Will Post Earnings of $0.53 Per Share

Brokerages expect Brown-Forman Co. (NYSE:BF.B) to report $0.53 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Brown-Forman’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.51. Brown-Forman posted earnings of $0.52 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The firm is scheduled to issue its next earnings report on Wednesday, December 4th.

On average, analysts expect that Brown-Forman will report full-year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.76 to $1.80. For the next year, analysts expect that the business will post earnings of $1.93 per share, with EPS estimates ranging from $1.90 to $1.95. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Brown-Forman.

Brown-Forman (NYSE:BF.B) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $773.14 million. Brown-Forman had a return on equity of 52.13% and a net margin of 24.70%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share.

A number of research firms recently issued reports on BF.B. Pivotal Research reissued a “buy” rating and set a $65.00 target price on shares of Brown-Forman in a research report on Thursday, August 29th. Zacks Investment Research cut shares of Brown-Forman from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Barclays set a $66.00 price objective on shares of Brown-Forman and gave the stock a “hold” rating in a research note on Friday, August 30th. ValuEngine raised shares of Brown-Forman from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada set a $57.00 price objective on shares of Brown-Forman and gave the stock a “hold” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.33.

Shares of NYSE:BF.B traded up $1.12 during trading on Friday, reaching $65.18. 2,493,312 shares of the stock were exchanged, compared to its average volume of 1,282,775. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.42 and a current ratio of 3.27. Brown-Forman has a 12-month low of $44.57 and a 12-month high of $65.37. The firm has a market cap of $30.98 billion, a price-to-earnings ratio of 37.68, a price-to-earnings-growth ratio of 4.73 and a beta of 0.65. The firm’s 50-day moving average price is $57.51 and its 200 day moving average price is $54.24.

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 paid a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, September 5th. Brown-Forman’s dividend payout ratio is presently 38.15%.

About Brown-Forman

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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Earnings History and Estimates for Brown-Forman (NYSE:BF.B)

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