$975.07 Million in Sales Expected for Brown-Forman Co. (NYSE:BF.B) This Quarter

Equities analysts expect that Brown-Forman Co. (NYSE:BF.B) will post sales of $975.07 million for the current quarter, according to Zacks. Four analysts have issued estimates for Brown-Forman’s earnings, with the highest sales estimate coming in at $982.80 million and the lowest estimate coming in at $968.10 million. Brown-Forman posted sales of $910.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, December 4th.

On average, analysts expect that Brown-Forman will report full year sales of $3.49 billion for the current year, with estimates ranging from $3.48 billion to $3.51 billion. For the next year, analysts anticipate that the business will post sales of $3.67 billion, with estimates ranging from $3.65 billion to $3.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Brown-Forman.

Brown-Forman (NYSE:BF.B) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Brown-Forman had a return on equity of 52.13% and a net margin of 24.70%. The firm had revenue of $766.00 million for the quarter, compared to analysts’ expectations of $773.14 million. During the same quarter last year, the business posted $0.41 EPS. Brown-Forman’s revenue was up .0% on a year-over-year basis.

A number of brokerages have commented on BF.B. Pivotal Research restated a “buy” rating and set a $65.00 price objective on shares of Brown-Forman in a research report on Thursday, August 29th. ValuEngine upgraded Brown-Forman from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Zacks Investment Research lowered Brown-Forman from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Barclays set a $66.00 price objective on Brown-Forman and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada set a $57.00 price objective on Brown-Forman and gave the stock a “hold” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Brown-Forman presently has a consensus rating of “Hold” and an average price target of $56.33.

NYSE BF.B traded down $0.99 during trading on Friday, reaching $64.21. 2,470,300 shares of the company’s stock were exchanged, compared to its average volume of 1,293,328. Brown-Forman has a fifty-two week low of $44.57 and a fifty-two week high of $65.83. The firm has a market capitalization of $31.12 billion, a PE ratio of 37.12, a P/E/G ratio of 4.77 and a beta of 0.65. The company has a current ratio of 3.27, a quick ratio of 1.42 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $57.67 and its 200-day simple moving average is $54.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th will be given a dividend of $0.166 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.03%. Brown-Forman’s payout ratio is presently 38.15%.

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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