Brown-Forman Co. (NYSE:BF.B) – Equities researchers at SunTrust Banks lowered their Q1 2020 earnings estimates for Brown-Forman in a report issued on Wednesday, December 5th. SunTrust Banks analyst W. Chappell now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.40. SunTrust Banks also issued estimates for Brown-Forman’s Q2 2020 earnings at $0.56 EPS, Q3 2020 earnings at $0.48 EPS, Q4 2020 earnings at $0.35 EPS and FY2020 earnings at $1.79 EPS.

A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Brown-Forman from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Jefferies Financial Group started coverage on Brown-Forman in a report on Friday, September 7th. They issued a “hold” rating on the stock. Pivotal Research restated a “buy” rating and issued a $65.00 price target on shares of Brown-Forman in a report on Wednesday, August 29th. Finally, Deutsche Bank upped their price target on Brown-Forman from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.07.

BF.B opened at $46.79 on Friday. The company has a market capitalization of $22.45 billion, a P/E ratio of 29.16, a PEG ratio of 3.09 and a beta of 0.85. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.35 and a current ratio of 3.06. Brown-Forman has a 1-year low of $45.63 and a 1-year high of $59.58.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 6th will be issued a dividend of $0.166 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, December 5th. This is a boost from Brown-Forman’s previous quarterly dividend of $0.16. Brown-Forman’s dividend payout ratio is 42.57%.

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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Earnings History and Estimates for Brown-Forman (NYSE:BF.B)

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