Brown-Forman Co. (BF.B) Research Coverage Started at Credit Suisse Group AG
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Brown-Forman from a hold rating to a sell rating in a report on Tuesday, August 9th. Bank of America Corp. cut Brown-Forman from a neutral rating to an underperform rating in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $104.00.
Brown-Forman (NYSE:BF.B) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.01. The firm earned $856 million during the quarter, compared to analysts’ expectations of $875.50 million. Brown-Forman’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of Infinity.
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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