Brown-Forman (BF.B) Releases Quarterly Earnings Results
Brown-Forman (NASDAQ:BF.B) posted its quarterly earnings results on Wednesday. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.02, Analyst Ratings News reports. The company had revenue of $921.00 million for the quarter, compared to the consensus estimate of $947.90 million.
A number of research firms have recently commented on BF.B. 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Brown-Forman has a consensus 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.