Brown-Forman Co. (NYSE:BF.B) Expected to Announce Quarterly Sales of $973.97 Million
Brokerages predict that Brown-Forman Co. (NYSE:BF.B) will post sales of $973.97 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Brown-Forman’s earnings. The highest sales estimate is $982.80 million and the lowest is $963.70 million. Brown-Forman reported sales of $910.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is expected to report its next quarterly earnings report on Wednesday, December 4th.
On average, analysts expect that Brown-Forman will report full year sales of $3.49 billion for the current year, with estimates ranging from $3.48 billion to $3.51 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.67 billion, with estimates ranging from $3.65 billion to $3.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Brown-Forman.
Brown-Forman (NYSE:BF.B) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. Brown-Forman had a net margin of 24.70% and a return on equity of 52.13%. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $773.14 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.
NYSE:BF.B opened at $64.70 on Thursday. Brown-Forman has a 1-year low of $44.57 and a 1-year high of $65.83. The company has a 50-day moving average of $63.00 and a 200 day moving average of $56.76. The firm has a market cap of $30.81 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 4.79 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.27 and a quick ratio of 1.42.
Brown-Forman Company Profile
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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