Jefferies Financial Group Equities Analysts Boost Earnings Estimates for Brown-Forman Co. (BF.B)

Brown-Forman Co. (NYSE:BF.B) – Jefferies Financial Group increased their FY2019 EPS estimates for shares of Brown-Forman in a report released on Wednesday, December 5th. Jefferies Financial Group analyst K. Grundy now forecasts that the company will post earnings per share of $1.69 for the year, up from their previous forecast of $1.67. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Brown-Forman’s FY2020 earnings at $1.84 EPS and FY2021 earnings at $2.01 EPS.

Other analysts also recently issued research reports about the stock. Pivotal Research restated a “buy” rating and set a $65.00 price target on shares of Brown-Forman in a report on Wednesday. Zacks Investment Research upgraded shares of Brown-Forman from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, Deutsche Bank raised their price target on shares of Brown-Forman from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $58.07.

Shares of NYSE BF.B opened at $46.79 on Friday. The company has a market cap of $22.45 billion, a PE ratio of 29.16, a PEG ratio of 3.09 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.06 and a quick ratio of 1.35. Brown-Forman has a 1 year low of $45.63 and a 1 year high of $59.58.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Thursday, December 6th will be given a dividend of $0.166 per share. The ex-dividend date is Wednesday, December 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Brown-Forman’s previous quarterly dividend of $0.16. Brown-Forman’s dividend payout ratio (DPR) is presently 42.57%.

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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