Brown-Forman (NYSE:BF.B) is set to announce its earnings results before the market opens on Wednesday, March 7th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Brown-Forman has set its FY18 guidance at $1.90-1.98 EPS.
Brown-Forman (NYSE:BF.B) last issued its earnings results on Wednesday, December 6th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. The business had revenue of $914.00 million for the quarter, compared to analyst estimates of $870.60 million. Brown-Forman had a return on equity of 53.15% and a net margin of 18.39%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, analysts expect Brown-Forman to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Brown-Forman (BF.B) opened at $69.87 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.53 and a quick ratio of 1.24. The firm has a market capitalization of $26,590.00, a price-to-earnings ratio of 36.39 and a beta of 0.93. Brown-Forman has a 52-week low of $45.42 and a 52-week high of $70.92.
Several brokerages recently issued reports on BF.B. Societe Generale upgraded Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Pivotal Research downgraded Brown-Forman from a “buy” rating to a “hold” rating and increased their price target for the company from $49.60 to $52.00 in a report on Thursday, December 7th. Barclays began coverage on Brown-Forman in a report on Wednesday, January 10th. They issued an “equal weight” rating and a $57.60 price target for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $55.20 price target (up from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $48.80 price target (up from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Fourteen research analysts have rated the stock with a hold rating, Brown-Forman presently has an average rating of “Hold” and an average price target of $45.89.
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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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