Brokerages forecast that Brown-Forman Co. (NYSE:BF.B) will post $872.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Brown-Forman’s earnings, with estimates ranging from $862.31 million to $886.00 million. Brown-Forman posted sales of $808.00 million during the same quarter last year, which suggests a positive year over year growth rate of 8%. The company is expected to report its next earnings report before the market opens on Wednesday, March 7th.
On average, analysts expect that Brown-Forman will report full-year sales of $872.33 million for the current financial year, with estimates ranging from $3.24 billion to $3.26 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.42 billion per share, with estimates ranging from $3.37 billion to $3.43 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Brown-Forman.
Brown-Forman (NYSE:BF.B) last announced its quarterly earnings results on Wednesday, December 6th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. The company had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $870.60 million. Brown-Forman had a net margin of 18.39% and a return on equity of 53.15%. Brown-Forman’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS.
Shares of Brown-Forman (NYSE:BF.B) traded up $1.64 during mid-day trading on Thursday, hitting $69.55. 714,780 shares of the company were exchanged, compared to its average volume of 808,266. The stock has a market cap of $26,370.00, a PE ratio of 36.22 and a beta of 0.93. The company has a quick ratio of 1.24, a current ratio of 2.53 and a debt-to-equity ratio of 1.04. Brown-Forman has a 12 month low of $45.42 and a 12 month high of $69.90.
Brown-Forman shares are scheduled to split before the market opens on Wednesday, February 28th. The 5-4 split was announced on Tuesday, January 23rd. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, February 27th.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be issued a dividend of $0.158 per share. This represents a $0.63 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, March 2nd. Brown-Forman’s dividend payout ratio (DPR) is presently 41.15%.
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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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