Analysts Expect Brown-Forman Co. (BF.B) to Announce $0.24 EPS

Equities analysts expect that Brown-Forman Co. (NYSE:BF.B) will report earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Brown-Forman’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.31. Brown-Forman reported earnings per share of $0.30 during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The company is expected to announce its next earnings report on Wednesday, June 6th.

On average, analysts expect that Brown-Forman will report full year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.58. For the next fiscal year, analysts anticipate that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.72 to $1.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Brown-Forman.

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Brown-Forman (NYSE:BF.B) last issued 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 firm had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $870.06 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis.

A number of equities research analysts have commented on the stock. Pivotal Research upgraded shares of Brown-Forman from a “hold” rating to a “buy” rating and raised their target price for the stock from $52.00 to $65.00 in a research note on Wednesday, March 7th. Zacks Investment Research cut shares of Brown-Forman from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. BMO Capital Markets assumed coverage on shares of Brown-Forman in a research note on Monday, February 5th. They set a “market perform” rating on the stock. Barclays began coverage on shares of Brown-Forman in a research note on Wednesday, January 10th. They set an “equal weight” rating and a $57.60 target price on the stock. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $48.80 price objective (up from $44.00) on shares of Brown-Forman in a report on Thursday, December 7th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Brown-Forman presently has an average rating of “Hold” and an average target price of $47.07.

Shares of Brown-Forman (NYSE BF.B) opened at $55.06 on Monday. Brown-Forman has a one year low of $36.34 and a one year high of $56.81. The company has a market cap of $25,510.37, a P/E ratio of 35.52 and a beta of 0.89. The company has a current ratio of 1.78, a quick ratio of 0.87 and a debt-to-equity ratio of 1.47.

The business also recently disclosed a dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd will be issued a dividend of $1.00 per share. This is a positive change from Brown-Forman’s previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, March 29th. Brown-Forman’s dividend payout ratio (DPR) is 40.65%.

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About Brown-Forman

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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