Brown Forman (NYSE:BF.B) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.90-1.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.91. The company issued revenue guidance of +6-7% to ~$3.17-3.20 billion, compared to the consensus revenue estimate of $3.19 billion.

Brown Forman (NYSE BF.B) opened at $62.01 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07. Brown Forman has a 12-month low of $43.72 and a 12-month high of $62.48. The stock has a market cap of $23,910.00, a P/E ratio of 34.30 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, December 7th will be given a $0.198 dividend. This is a boost from Brown Forman’s previous quarterly dividend of $0.18. This represents a $0.79 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, December 6th. Brown Forman’s dividend payout ratio is 40.33%.

Several equities analysts have issued reports on BF.B shares. Cowen restated a hold rating and issued a $52.00 price target on shares of Brown Forman in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Brown Forman from a hold rating to a buy rating and set a $57.00 price objective for the company in a research report on Thursday, August 31st. Pivotal Research reiterated a buy rating and set a $62.00 price objective on shares of Brown Forman in a research report on Monday, September 4th. Berenberg Bank reiterated a hold rating and set a $46.00 price objective on shares of Brown Forman in a research report on Monday, September 18th. Finally, Goldman Sachs Group upgraded shares of Brown Forman from a sell rating to a neutral rating and set a $56.00 price objective for the company in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average 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.

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