Brown-Forman Co. (NYSE:BF.B) – Equities researchers at SunTrust Banks lowered their Q3 2020 earnings per share (EPS) estimates for shares of Brown-Forman in a research note issued on Thursday, December 5th. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.53. SunTrust Banks also issued estimates for Brown-Forman’s Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.81 EPS, Q2 2021 earnings at $0.59 EPS and Q4 2021 earnings at $0.39 EPS.
Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada set a $57.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a research note on Monday, August 26th. Redburn Partners cut shares of Brown-Forman from a “buy” rating to a “neutral” rating in a research note on Friday, October 11th. Barclays set a $66.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a research note on Friday, August 30th. Evercore ISI cut shares of Brown-Forman from an “in-line” rating to an “underperform” rating and set a $60.00 target price on the stock. in a research note on Thursday, September 19th. Finally, Pivotal Research restated a “buy” rating and set a $65.00 target price on shares of Brown-Forman in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.13.
BF.B opened at $63.50 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.80 and a current ratio of 3.94. The stock has a market capitalization of $30.24 billion, a P/E ratio of 36.71, a P/E/G ratio of 4.66 and a beta of 0.65. The company’s 50-day simple moving average is $65.49 and its two-hundred day simple moving average is $59.79. Brown-Forman has a 52-week low of $44.57 and a 52-week high of $68.99.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 5th will be given a dividend of $0.174 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.70 annualized dividend and a dividend yield of 1.10%. This is a positive change from Brown-Forman’s previous quarterly dividend of $0.17. Brown-Forman’s dividend payout ratio is presently 40.46%.
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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