Shares of Brown-Forman Co. (NYSE:BF.A) are scheduled to split before the market opens on Wednesday, February 28th. The 5-4 split was announced on Tuesday, January 23rd. The newly issued shares will be payable to shareholders after the market closes on Tuesday, February 27th.
Shares of Brown-Forman (BF.A) traded down $0.20 during mid-day trading on Wednesday, reaching $53.30. The company’s stock had a trading volume of 24,021 shares, compared to its average volume of 30,086. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.87 and a current ratio of 1.78. Brown-Forman has a 12 month low of $46.19 and a 12 month high of $69.08. The firm has a market capitalization of $25,910.00, a P/E ratio of 35.30 and a beta of 0.90.
Brown-Forman (NYSE:BF.A) last issued its earnings results on Wednesday, March 7th. The company reported $0.44 EPS for the quarter. Brown-Forman had a return on equity of 55.27% and a net margin of 18.15%. analysts anticipate that Brown-Forman will post 1.55 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 2nd will be paid a $1.00 dividend. This is an increase from Brown-Forman’s previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, March 29th. Brown-Forman’s payout ratio is presently 41.72%.
Separately, BMO Capital Markets decreased their target price on Brown-Forman to $56.00 and set a “market perform” rating for the company in a research note on Thursday, March 8th.
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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