Brown-Forman Co. (BF.B) Expected to Announce Earnings of $0.51 Per Share

Wall Street brokerages forecast that Brown-Forman Co. (NYSE:BF.B) will report earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Brown-Forman’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.53. Brown-Forman reported earnings of $0.47 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The firm is scheduled to issue its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Brown-Forman will report full year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.03. For the next financial year, analysts expect that the business will report earnings of $2.31 per share, with EPS estimates ranging from $2.12 to $2.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brown-Forman.

Brown-Forman (NYSE:BF.B) last posted its quarterly earnings results on Wednesday, December 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.09. The company had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $870.60 million. Brown-Forman had a return on equity of 53.15% and a net margin of 18.39%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share.

Several research analysts have issued reports on BF.B shares. Barclays started coverage on Brown-Forman in a report on Wednesday, January 10th. They issued an “equal weight” rating and a $72.00 price target on the stock. Societe Generale upgraded shares of Brown-Forman from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Pivotal Research cut shares of Brown-Forman from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $62.00 to $65.00 in a research report on Thursday, December 7th. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 price objective (up from $49.00) on shares of Brown-Forman in a research report on Wednesday, December 6th. Finally, BMO Capital Markets began coverage on shares of Brown-Forman in a research report on Monday, February 5th. They set a “market perform” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.36.

Brown-Forman (NYSE:BF.B) opened at $69.58 on Tuesday. The stock has a market capitalization of $26,742.17, a price-to-earnings ratio of 36.24 and a beta of 0.93. Brown-Forman has a twelve month low of $45.42 and a twelve month high of $69.90. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.53 and a quick ratio of 1.24.

Brown-Forman shares are going to split on Wednesday, February 28th. The 5-4 split was announced on Tuesday, January 23rd. The newly minted shares will be payable to shareholders after the market closes on Tuesday, February 27th.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a dividend of $0.158 per share. This represents a $0.63 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, March 2nd. Brown-Forman’s payout ratio is 41.15%.

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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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