Brown Forman (BF.B) Set to Announce Earnings on Wednesday

Brown Forman (NYSE:BF.B) is scheduled to be releasing its earnings data before the market opens on Wednesday, December 6th. Analysts expect Brown Forman to post earnings of $0.53 per share for the quarter.

Brown Forman (NYSE:BF.B) opened at $60.70 on Monday. Brown Forman has a fifty-two week low of $43.72 and a fifty-two week high of $60.80. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $23,325.19, a price-to-earnings ratio of 33.54 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be issued a $0.198 dividend. This is a positive change from Brown Forman’s previous quarterly dividend of $0.18. This represents a $0.79 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, December 6th. Brown Forman’s payout ratio is 40.56%.

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $51.00 price objective on shares of Brown Forman in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday, August 31st. Goldman Sachs Group upgraded shares of Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 price objective on the stock in a report on Thursday, September 28th. SunTrust Banks restated a “hold” rating and issued a $50.00 price objective on shares of Brown Forman in a report on Friday, October 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $46.00 target price on shares of Brown Forman in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $52.40.

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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.

Earnings History for Brown Forman (NYSE:BF.B)

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