Equities research analysts expect that Brown-Forman Co. (NYSE:BF.B) will post $746.18 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Brown-Forman’s earnings, with the lowest sales estimate coming in at $735.60 million and the highest estimate coming in at $758.61 million. Brown-Forman reported sales of $694.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The business is scheduled to announce its next earnings report on Wednesday, June 6th.
On average, analysts expect that Brown-Forman will report full-year sales of $746.18 million for the current financial year, with estimates ranging from $3.25 billion to $3.27 billion. For the next financial year, analysts anticipate that the company will post sales of $3.45 billion per share, with estimates ranging from $3.43 billion to $3.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Brown-Forman.
Brown-Forman (NYSE:BF.B) last posted its quarterly earnings data on Wednesday, March 7th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Brown-Forman had a net margin of 18.15% and a return on equity of 55.27%. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $870.06 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. Brown-Forman’s revenue was up 8.7% compared to the same quarter last year.
A number of research analysts have recently commented on the stock. Pivotal Research raised shares of Brown-Forman from a “hold” rating to a “buy” rating and increased their target price for the stock from $52.00 to $65.00 in a report on Wednesday, March 7th. Societe Generale raised shares of Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Stifel Nicolaus reissued a “hold” rating and issued a $55.20 target price (up previously from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Credit Suisse Group reissued a “neutral” rating and issued a $48.80 target price (up previously from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Finally, BMO Capital Markets assumed coverage on shares of Brown-Forman in a report on Monday, February 5th. They issued a “market perform” rating for the company. Thirteen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Brown-Forman currently has a consensus rating of “Hold” and an average target price of $47.07.
Shares of BF.B stock traded down $0.26 on Wednesday, reaching $55.06. The company had a trading volume of 2,300,103 shares, compared to its average volume of 1,178,886. The stock has a market capitalization of $26,134.92, a P/E ratio of 39.90 and a beta of 0.85. The company has a current ratio of 1.78, a quick ratio of 0.87 and a debt-to-equity ratio of 1.47. Brown-Forman has a one year low of $36.34 and a one year high of $56.81.
The firm also recently disclosed a dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 2nd will be issued a $1.00 dividend. The ex-dividend date is Thursday, March 29th. This is a positive change from Brown-Forman’s previous dividend of $0.15. Brown-Forman’s dividend payout ratio (DPR) is 45.65%.
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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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