Brown-Forman (BF.B) to Release Earnings on Wednesday
Brown-Forman (NASDAQ:BF.B) is set to post its Q115 quarterly earnings results on Wednesday, August 27th. Analysts expect Brown-Forman to post earnings of $0.72 per share and revenue of $947.90 million for the quarter. Brown-Forman has set its FY15 guidance at $3.25-3.45 EPS.
Brown-Forman (NASDAQ:BF.B) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.58 by $0.04. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $923.73 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis.
A number of analysts have recently weighed in on BF.B shares. Analysts at ISI Group downgraded shares of Brown-Forman from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th. Finally, analysts at RBC Capital raised their price target on shares of Brown-Forman from $95.00 to $98.00 in a research note on Thursday, June 5th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Brown-Forman currently has an average rating of “Buy” and an average price target of $89.50.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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