Brown Forman Corporation (BF.B) to Release Quarterly Earnings on Wednesday
Brown Forman Corporation (NYSE:BF.B) is set to issue its quarterly earnings data before the market opens on Wednesday, August 30th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, September 7th will be issued a dividend of $0.183 per share. This is a boost from Brown Forman Corporation’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Wednesday, September 6th. Brown Forman Corporation’s dividend payout ratio (DPR) is currently 42.94%.
BF.B has been the subject of several research reports. Zacks Investment Research upgraded shares of Brown Forman Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, June 2nd. Cowen and Company restated a “hold” rating and set a $52.00 price target on shares of Brown Forman Corporation in a report on Thursday, August 24th. Royal Bank Of Canada restated a “hold” rating on shares of Brown Forman Corporation in a report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $50.00 price objective on shares of Brown Forman Corporation in a research report on Tuesday, June 13th. Finally, Credit Suisse Group lowered shares of Brown Forman Corporation from an “outperform” rating to a “hold” rating and raised their price objective for the company from $51.00 to $53.00 in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.71.
About Brown Forman Corporation
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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