Brown Forman (BF.B) Shares Up 6.2% on Strong Earnings

Marco Green
December 7, 2017

Brown Forman (NYSE BF.B) opened at $62.09 on Tuesday. Analysts expect Brown Forman to post earnings of $0.53 per share for the quarter.

A number of analysts recently issued reports on BF.B shares. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.21.

Among 11 analysts covering Brown-Forman (NYSE:BF.B), 0 have Buy rating, 2 Sell and 9 Hold. Brown Forman had a return on equity of 53.63% and a net margin of 17.84%. Brown Forman has a fifty-two week low of $43.72 and a fifty-two week high of $59.71. The company now has an average rating of "Hold" and a consensus price target of $55.10.

American drinks company Brown-Forman has reported that net sales increased by 10%, to $1.64 billion, in the first half of its 2018 financial year. Stifel Nicolaus maintained it with "Buy" rating and $110 target in Thursday, August 27 report.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. The stock has a market cap of $23,828.58, a PE ratio of 34.26 and a beta of 0.96. Stockholders of record on Thursday, December 7th will be issued a $0.198 dividend. The indicated annual dividend is $0.79. News surfaced earlier this year that Brown-Forman rejected a takeover offer from Constellation. The ex-dividend date is Wednesday, December 6th. Brown Forman's dividend payout ratio is presently 40.33%.

TRADEMARK VIOLATION WARNING: This piece was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another publication, it was illegally copied and republished in violation of United States & global copyright & trademark law. The stock of Brown-Forman Corporation (NYSE:BF-B) has "Hold" rating given on Thursday, October 12 by Stifel Nicolaus.

Brown-Forman Corporation is a spirit and wine company.

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide.

Brown-Forman faces stiff competition from other big booze companies like Constellation Brands (STZ) - whose portfolio includes Corona, Kim Crawford wines and other spirits - and Diageo (DEO), whose brands include Smirnoff, Tanqueray and Captain Morgan.

Jack Daniel's Tennessee Whiskey (+6%), Tennessee Honey (+8%), Tennessee Fire (+14%), and the brand's RTD offerings (+15%) were all up strongly in the first half of the year.

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