Q4 2018 Earnings Forecast for Brown-Forman Co. Issued By SunTrust Banks (BF.B)

Brown-Forman Co. (NYSE:BF.B) – Equities researchers at SunTrust Banks dropped their Q4 2018 EPS estimates for shares of Brown-Forman in a note issued to investors on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst W. Chappell now expects that the company will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.30. SunTrust Banks also issued estimates for Brown-Forman’s FY2020 earnings at $1.98 EPS.

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Brown-Forman (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $878.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS.

Several other equities analysts have also recently weighed in on BF.B. Stifel Nicolaus restated a “hold” rating and issued a $55.20 price objective (up previously from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Pivotal Research cut Brown-Forman from a “buy” rating to a “hold” rating and raised their price objective for the company from $49.60 to $52.00 in a report on Thursday, December 7th. Societe Generale upgraded Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Credit Suisse Group restated a “neutral” rating and issued a $48.80 price objective (up previously from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Finally, Barclays began coverage on Brown-Forman in a report on Wednesday, January 10th. They issued an “equal weight” rating and a $57.60 price objective for the company. Thirteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. Brown-Forman presently has a consensus rating of “Hold” and an average price target of $47.07.

Shares of NYSE BF.B traded down $0.26 during mid-day trading on Friday, hitting $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 price-to-earnings ratio of 39.90 and a beta of 0.85. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.78 and a quick ratio of 0.87. Brown-Forman has a one year low of $36.34 and a one year high of $56.81.

The firm also recently declared a dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 2nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend 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 presently 45.65%.

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

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