Brown Forman (NYSE:BF.A) Sets New 52-Week High – Here’s Why

Brown Forman Corporation (NYSE:BF.A)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $31.20 and last traded at $30.9980, with a volume of 8,472 shares trading hands. The stock had previously closed at $29.80.

Brown Forman Stock Up 5.8%

The company has a market cap of $14.46 billion, a PE ratio of 20.34 and a beta of 0.28. The business’s 50 day moving average is $27.75 and its 200-day moving average is $27.57. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.26 and a quick ratio of 1.14.

Brown Forman (NYSE:BF.A) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.38 earnings per share (EPS) for the quarter. Brown Forman had a return on equity of 17.80% and a net margin of 18.42%. The firm had revenue of $911.00 million for the quarter.

About Brown Forman

Brown-Forman Corporation is a global producer and marketer of alcoholic beverages. Founded in 1870 by George Garvin Brown, the company has grown from a bourbon producer into a diversified spirits business with a portfolio spanning whiskey, tequila, vodka, rum, gin and ready-to-drink beverages.

Its best-known brands include Jack Daniel’s Tennessee Whiskey, Woodford Reserve, Old Forester, Herradura, el Jimador, Coopers’ Craft and New Mix. Brown-Forman also markets additional premium spirits and cocktail products under a range of established brand names.