Brokerages expect that Brown-Forman Co. Class B (NYSE:BF.B) will announce $760.76 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Brown-Forman Co. Class B’s earnings. The lowest sales estimate is $752.00 million and the highest is $768.49 million. Brown-Forman Co. Class B reported sales of $723.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 29th.
On average, analysts expect that Brown-Forman Co. Class B will report full year sales of $3.38 billion for the current year, with estimates ranging from $3.34 billion to $3.45 billion. For the next year, analysts anticipate that the firm will report sales of $3.55 billion per share, with estimates ranging from $3.49 billion to $3.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Brown-Forman Co. Class B.
Get Brown-Forman Co. Class B alerts:Brown-Forman Co. Class B (NYSE:BF.B) last announced its quarterly earnings data on Wednesday, June 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $733.00 million during the quarter, compared to analyst estimates of $754.56 million. Brown-Forman Co. Class B had a return on equity of 53.10% and a net margin of 18.00%. Brown-Forman Co. Class B’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share.
Several research firms have issued reports on BF.B. ValuEngine downgraded Brown-Forman Co. Class B from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded Brown-Forman Co. Class B from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Monday, May 21st. Societe Generale downgraded Brown-Forman Co. Class B from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. Finally, Morgan Stanley upgraded Brown-Forman Co. Class B from an “underweight” rating to an “equal weight” rating in a research report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Brown-Forman Co. Class B presently has an average rating of “Hold” and a consensus price target of $49.82.
Shares of NYSE:BF.B traded up $0.13 during trading on Monday, hitting $50.76. 63,438 shares of the company were exchanged, compared to its average volume of 1,720,818. The company has a market cap of $24.42 billion, a P/E ratio of 34.21 and a beta of 0.87. Brown-Forman Co. Class B has a 52-week low of $37.71 and a 52-week high of $59.58. The company has a debt-to-equity ratio of 1.78, a current ratio of 3.11 and a quick ratio of 1.43.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 3rd. Investors of record on Wednesday, June 6th were given a $0.158 dividend. The ex-dividend date of this dividend was Tuesday, June 5th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.25%. Brown-Forman Co. Class B’s dividend payout ratio (DPR) is presently 42.57%.
About Brown-Forman Co. Class B
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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