Brown-Forman Co. (BF.B) Issues FY15 Earnings Guidance
Brown-Forman Co. (NASDAQ:BF.B) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.25-3.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36, Analyst Ratings News reports. The company issued revenue guidance of +6-8% to ~$4.18-4.26 billion, compared to the consensus revenue estimate of $4.25 billion.
Brown-Forman (NASDAQ:BF.B) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.02. The company had revenue of $921.00 million for the quarter, compared to the consensus estimate of $947.90 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Brown-Forman currently has an average rating of Buy and an average target price of $89.50.
Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
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