Brown-Forman Co. (NYSE:BF.B) – Research analysts at SunTrust Banks dropped their FY2018 earnings per share estimates for shares of Brown-Forman in a research note issued to investors on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings of $1.47 per share for the year, down from their prior estimate of $1.56. SunTrust Banks also issued estimates for Brown-Forman’s Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.82 EPS.
BF.B has been the subject of a number of other reports. Stifel Nicolaus restated a “hold” rating and issued a $55.20 target price (up from $39.20) on shares of Brown-Forman in a report on Wednesday, December 6th. Pivotal Research downgraded shares of Brown-Forman from a “buy” rating to a “hold” rating and boosted their target price for the company from $49.60 to $52.00 in a report on Thursday, December 7th. Societe Generale upgraded shares of 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 target price (up from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Finally, Barclays initiated coverage on shares of Brown-Forman in a report on Wednesday, January 10th. They issued an “equal weight” rating and a $57.60 target price for the company. Thirteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.07.
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, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $878.00 million during the quarter, compared to analyst estimates of $870.06 million. Brown-Forman had a net margin of 18.15% and a return on equity of 55.27%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.158 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.63 annualized dividend and a yield of 1.15%. Brown-Forman’s dividend payout ratio is currently 40.65%.
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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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