Brown-Forman (BF.B) Issues FY19 Earnings Guidance

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Brown-Forman (NYSE:BF.B) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.65-1.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70. The company issued revenue guidance of +6-7% to ~$3.44-3.48 billion, compared to the consensus revenue estimate of $3.36 billion.

NYSE BF.B opened at $51.49 on Wednesday. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 3.21 and a beta of 0.67. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.06 and a quick ratio of 1.41. Brown-Forman has a 1-year low of $44.57 and a 1-year high of $59.58.

Brown-Forman (NYSE:BF.B) last released its quarterly earnings results on Wednesday, December 5th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $910.00 million during the quarter, compared to analysts’ expectations of $931.13 million. Brown-Forman had a return on equity of 57.47% and a net margin of 21.01%. As a group, research analysts forecast that Brown-Forman will post 1.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be issued a dividend of $0.166 per share. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date is Friday, March 1st. Brown-Forman’s dividend payout ratio is presently 44.59%.

Several equities analysts have weighed in on BF.B shares. Goldman Sachs Group cut Brown-Forman from a neutral rating to a sell rating in a report on Tuesday, January 8th. Pivotal Research reiterated a buy rating and issued a $65.00 target price on shares of Brown-Forman in a report on Wednesday, December 5th. UBS Group initiated coverage on Brown-Forman in a report on Thursday, December 13th. They issued a neutral rating and a $48.00 target price for the company. ValuEngine cut Brown-Forman from a buy rating to a hold rating in a report on Tuesday, January 15th. Finally, Jefferies Financial Group reiterated a hold rating and issued a $47.00 target price on shares of Brown-Forman in a report on Thursday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $56.17.

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About Brown-Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

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

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