Brown-Forman (BF.B) Set to Announce Quarterly Earnings on Wednesday
Brown-Forman (NASDAQ:BF.B) is set to announce its Q414 earnings results on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.58 per share and revenue of $923.73 million for the quarter. Brown-Forman has set its FY14 guidance at $2.95-3.05 EPS.
Brown-Forman (NASDAQ:BF.B) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.
The company also recently declared a dividend, which is scheduled for Tuesday, July 1st. Investors of record on Wednesday, June 4th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, June 2nd.
A number of research firms have recently commented on BF.B. Analysts at RBC Capital raised their price target on shares of Brown-Forman from $90.00 to $95.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. On a related note, analysts at Barclays raised their price target on shares of Brown-Forman from $76.00 to $83.00 in a research note on Thursday, March 6th. They now have an “underweight” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Brown-Forman from $76.00 to $89.00 in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.75.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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