Brown-Forman Co. (NYSE:BF.B) Expected to Post Earnings of $0.37 Per Share
Brokerages expect Brown-Forman Co. (NYSE:BF.B) to report $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Brown-Forman’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.36. Brown-Forman reported earnings of $0.41 per share during the same quarter last year, which indicates a negative year over year growth rate of 9.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, September 4th.
According to Zacks, analysts expect that Brown-Forman will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.76 to $1.80. For the next fiscal year, analysts forecast that the business will report earnings of $1.93 per share, with EPS estimates ranging from $1.92 to $1.96. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brown-Forman.
Brown-Forman (NYSE:BF.B) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. The company had revenue of $744.00 million during the quarter, compared to analysts’ expectations of $761.71 million. Brown-Forman had a return on equity of 55.62% and a net margin of 25.12%.
BF.B traded down $1.00 on Wednesday, hitting $54.90. 719,300 shares of the stock traded hands, compared to its average volume of 1,249,204. Brown-Forman has a 52 week low of $44.57 and a 52 week high of $57.98. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 4.13 and a beta of 0.70. The business has a fifty day moving average of $55.63. The company has a quick ratio of 1.71, a current ratio of 3.87 and a debt-to-equity ratio of 1.39.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 6th will be given a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, September 5th. Brown-Forman’s payout ratio is 38.15%.
Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.
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