"Brown-Forman's second quarter and first half results were excellent on both a reported and underlying basis", said CEO Paul Varga.
Brown Forman ( BF.A ) shares were 4% higher Wednesday after the spirits and wine company reported fiscal Q2 earnings of $0.62 per diluted share, up from $0.50 a year ago and better than the $0.53 average estimate from analysts polled by Capital IQ. SunTrust Banks reissued a "hold" rating and issued a $50.00 price objective on shares of Brown Forman in a research note on Friday, October 6th. Goldman Sachs Group Inc upgraded shares of Brown Forman from a "sell" rating to a "neutral" rating and set a $56.00 price objective on the stock in a report on Thursday, September 28th. The business's revenue was up 10.1% compared to the same quarter a year ago. The company has a consensus rating of "Hold" and a consensus price target of $52.40. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company.
Brown-Forman has reported a net sales increase of 10% to US$1,637 million in the first six months of its 2018 fiscal year, boosted by its Jack Daniel's family of brands. Shareholders of record on Thursday, December 7th will be issued a $0.198 dividend. News surfaced earlier this year that Brown-Forman rejected a takeover offer from Constellation. This represents a $0.79 annualized dividend and a yield of 1.33%. The stock has a market capitalization of $23,910.00, a P/E ratio of 34.30 and a beta of 0.95. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 1.21. Brown Forman's payout ratio is now 40.33%.
COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and global copyright and trademark law.Читайте также: Patagonia Blacks Out Homepage, Calls on Consumers to Protect Public Lands
Brown-Forman's Class B common shares are up about 37 percent so far this year, compared to a 17 percent gain for the S&P 500 Index. The correct version of this report can be read at https://stocknewstimes.com/2017/12/07/brown-forman-bf-b-raised-to-hold-at-societe-generale.html.
Brown-Forman faces stiff competition from other big booze companies like Constellation Brands (STZ) - whose portfolio includes Corona, Kim Crawford wines and other spirits - and Diageo (DEO), whose brands include Smirnoff, Tanqueray and Captain Morgan.
Jack Daniel's Tennessee Whiskey (+6%), Tennessee Honey (+8%), Tennessee Fire (+14%), and the brand's RTD offerings (+15%) were all up strongly in the first half of the year.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.
Код для вставки в блог