$0.29 EPS Expected for Brown-Forman Co. (BF.B) This Quarter

Analysts expect that Brown-Forman Co. (NYSE:BF.B) will announce $0.29 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Brown-Forman’s earnings, with estimates ranging from $0.27 to $0.30. Brown-Forman posted earnings per share of $0.23 in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.1%. The business is expected to report its next earnings results on Wednesday, June 5th.

According to Zacks, analysts expect that Brown-Forman will report full year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.68 to $1.71. For the next year, analysts forecast that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.75 to $1.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Brown-Forman.

Brown-Forman (NYSE:BF.B) last released its earnings results on Wednesday, March 6th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. The company had revenue of $904.00 million for the quarter, compared to analyst estimates of $910.71 million. Brown-Forman had a net margin of 23.73% and a return on equity of 55.41%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS.

A number of equities analysts have recently weighed in on BF.B shares. Pivotal Research reissued a “buy” rating and issued a $65.00 price objective on shares of Brown-Forman in a research report on Wednesday, December 5th. Zacks Investment Research upgraded shares of Brown-Forman from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Friday, March 8th. ValuEngine downgraded shares of Brown-Forman from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Jefferies Financial Group restated a “hold” rating and issued a $47.00 target price on shares of Brown-Forman in a report on Thursday, December 13th. Finally, UBS Group assumed coverage on shares of Brown-Forman in a report on Thursday, December 13th. They issued a “neutral” rating and a $48.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.33.

Shares of NYSE:BF.B traded up $0.13 during trading on Friday, reaching $52.78. The stock had a trading volume of 935,167 shares, compared to its average volume of 1,513,216. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.08 and a quick ratio of 1.43. The firm has a market cap of $25.12 billion, a PE ratio of 35.66, a P/E/G ratio of 3.44 and a beta of 0.65. Brown-Forman has a fifty-two week low of $44.57 and a fifty-two week high of $59.58.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be paid a $0.166 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.66 annualized dividend and a dividend yield of 1.26%. Brown-Forman’s dividend payout ratio (DPR) is presently 44.59%.

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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