Brown-Forman Co. (BF.B) Research Coverage Started at Credit Suisse Group AG
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Brown-Forman from a buy rating to a hold rating in a research report on Friday, June 10th. Bank of America Corp. downgraded Brown-Forman from a neutral rating to an underperform rating in a research report on Wednesday, July 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $104.00.
Brown-Forman (NYSE:BF.B) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. The company earned $856 million during the quarter, compared to the consensus estimate of $875.50 million. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of Infinity. The ex-dividend date of this dividend is Tuesday, August 30th.
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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