Brown Forman (NYSE:BF.B) released its earnings results on Wednesday. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09, Briefing.com reports. The company had revenue of $914.00 million during the quarter, compared to analysts’ expectations of $870.60 million. Brown Forman had a return on equity of 53.63% and a net margin of 17.84%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. Brown Forman updated its FY18 guidance to $1.90-1.98 EPS.

Brown Forman (NYSE:BF.B) traded down $0.08 during trading on Wednesday, hitting $62.01. The company’s stock had a trading volume of 1,125,300 shares, compared to its average volume of 917,801. The company has a market cap of $23,910.00, a price-to-earnings ratio of 34.30 and a beta of 0.95. Brown Forman has a twelve month low of $43.72 and a twelve month high of $62.48. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.21.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 7th will be issued a $0.198 dividend. This is a positive change from Brown Forman’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.28%. Brown Forman’s dividend payout ratio (DPR) is presently 40.33%.

A number of brokerages have issued reports on BF.B. Cowen reiterated a “hold” rating and set a $54.00 price objective on shares of Brown Forman in a research note on Thursday, October 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $51.00 price objective on shares of Brown Forman in a research note on Tuesday, October 3rd. Goldman Sachs Group upgraded Brown Forman from a “sell” rating to a “neutral” rating and set a $56.00 price objective for the company in a research note on Thursday, September 28th. Berenberg Bank reiterated a “hold” rating and set a $46.00 price objective on shares of Brown Forman in a research note on Monday, September 18th. Finally, Zacks Investment Research upgraded Brown Forman from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.40.

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Brown Forman Company Profile

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.

Earnings History for Brown Forman (NYSE:BF.B)

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