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.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Brown-Forman from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Pivotal Research reaffirmed a “buy” rating and set a $65.00 target price on shares of Brown-Forman in a research note on Wednesday, August 29th. Finally, Deutsche Bank lifted their target price on shares of Brown-Forman from $52.00 to $53.00 and gave the company a “hold” rating in a research note 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. Brown-Forman presently has an average rating of “Hold” and a consensus price target of $58.07.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Thursday, December 6th will be paid a dividend of $0.166 per share. This is a positive change from Brown-Forman’s previous quarterly dividend of $0.16. 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%. Brown-Forman’s payout ratio 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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