Wall Street analysts expect Brown-Forman Co. (NYSE:BF.B) to post earnings of $0.51 per share for the current quarter, according to Zacks. Four analysts have made estimates for Brown-Forman’s earnings, with estimates ranging from $0.50 to $0.53. Brown-Forman posted earnings per share of $0.47 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The firm is scheduled to report its next quarterly earnings results before the market opens on Wednesday, March 7th.

According to Zacks, analysts expect that Brown-Forman will report full year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.95 to $2.03. For the next financial year, analysts expect that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.12 to $2.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Brown-Forman.

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

A number of equities analysts recently weighed in on BF.B shares. Barclays started coverage on shares of Brown-Forman in a research report on Wednesday, January 10th. They issued an “equal weight” rating and a $72.00 price objective on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $61.00 price objective (up from $55.00) on shares of Brown-Forman in a research 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. Societe Generale raised Brown-Forman from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Pivotal Research downgraded Brown-Forman from a “buy” rating to a “hold” rating and raised their target price for the company from $62.00 to $65.00 in a report on Thursday, December 7th. Fourteen equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $57.36.

Brown-Forman (NYSE:BF.B) traded up $1.37 during trading hours on Tuesday, reaching $69.28. 348,630 shares of the company were exchanged, compared to its average volume of 801,417. Brown-Forman has a 1 year low of $45.42 and a 1 year high of $69.90. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 1.04. The stock has a market cap of $26,027.30, a price-to-earnings ratio of 35.09 and a beta of 0.93.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a $0.158 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, March 2nd. Brown-Forman’s dividend payout ratio (DPR) is currently 41.15%.

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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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Earnings History and Estimates for Brown-Forman (NYSE:BF.B)

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