Analysts Anticipate Brown-Forman Co. (NYSE:BF.B) Will Post Quarterly Sales of $973.97 Million

Equities research analysts predict that Brown-Forman Co. (NYSE:BF.B) will report sales of $973.97 million for the current quarter, according to Zacks. Four analysts have made estimates for Brown-Forman’s earnings, with the highest sales estimate coming in at $982.80 million and the lowest estimate coming in at $963.70 million. Brown-Forman reported sales of $910.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The firm is expected to announce its next 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 financial year, analysts expect that the business will post sales of $3.67 billion, with estimates ranging from $3.65 billion to $3.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Brown-Forman.

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

A number of brokerages have issued reports on BF.B. Evercore ISI cut shares of Brown-Forman from an “in-line” rating to an “underperform” rating and set a $60.00 target price for the company. in a report on Thursday, September 19th. Royal Bank of Canada set a $57.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a report on Monday, August 26th. ValuEngine cut shares of Brown-Forman from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays set a $66.00 price target on shares of Brown-Forman and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, MKM Partners assumed coverage on shares of Brown-Forman in a research report on Thursday, September 19th. They issued a “neutral” rating and a $59.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.13.

Brown-Forman stock traded up $0.77 during mid-day trading on Tuesday, reaching $62.81. The company had a trading volume of 1,133,681 shares, compared to its average volume of 1,358,548. Brown-Forman has a 1 year low of $44.57 and a 1 year high of $65.83. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.27 and a quick ratio of 1.42. The company has a market capitalization of $29.72 billion, a P/E ratio of 36.31, a P/E/G ratio of 4.68 and a beta of 0.65. The stock’s 50-day simple moving average is $60.92 and its 200-day simple moving average is $55.65.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, September 5th. Brown-Forman’s dividend payout ratio is currently 38.15%.

Brown-Forman Company Profile

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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