Brown-Forman (BF.B) Shares to Split on Wednesday, February 28th

Brown-Forman Co. (NYSE:BF.B)’s stock is set to split on Wednesday, February 28th. The 5-4 split was announced on Tuesday, January 23rd. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, February 27th.

Shares of Brown-Forman (BF.B) opened at $65.37 on Monday. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.04. Brown-Forman has a 12-month low of $45.42 and a 12-month high of $69.90. The company has a market capitalization of $25,020.00, a price-to-earnings ratio of 34.05 and a beta of 0.93.

Brown-Forman (NYSE:BF.B) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.53 by $0.09. Brown-Forman had a return on equity of 53.15% and a net margin of 18.39%. The company had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $870.60 million. During the same period last year, the firm posted $0.50 earnings per share. Brown-Forman’s revenue was up 10.1% compared to the same quarter last year. research analysts predict that Brown-Forman will post 2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be given a dividend of $0.158 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.63 annualized dividend and a dividend yield of 0.97%. Brown-Forman’s dividend payout ratio (DPR) is presently 41.15%.

BF.B has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Brown-Forman in a report on Monday, February 5th. They issued a “market perform” rating on the stock. Societe Generale raised Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Pivotal Research downgraded Brown-Forman from a “buy” rating to a “hold” rating and increased their target price for the company from $62.00 to $65.00 in a report on Thursday, December 7th. Stifel Nicolaus reissued a “hold” rating and issued a $69.00 target price (up previously from $49.00) on shares of Brown-Forman in a report on Wednesday, December 6th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $61.00 target price (up previously from $55.00) on shares of Brown-Forman in a report on Thursday, December 7th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.36.

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About Brown-Forman

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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