SunTrust Banks, Inc. reaffirmed their hold rating on shares of Brown Forman Corporation (NYSE:BF.B) in a research report released on Friday. SunTrust Banks, Inc. currently has a $50.00 price objective on the stock.
BF.B has been the subject of a number of other research reports. Pivotal Research reissued a buy rating and issued a $62.00 target price on shares of Brown Forman Corporation in a research report on Monday, September 4th. Zacks Investment Research raised Brown Forman Corporation from a hold rating to a buy rating and set a $57.00 target price for the company in a research report on Thursday, August 31st. Credit Suisse Group lowered Brown Forman Corporation from an outperform rating to a hold rating and boosted their target price for the stock from $51.00 to $53.00 in a research report on Tuesday, June 13th. Deutsche Bank AG reissued a hold rating and issued a $50.00 target price on shares of Brown Forman Corporation in a research report on Tuesday, June 13th. Finally, Royal Bank Of Canada reissued a hold rating on shares of Brown Forman Corporation in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Brown Forman Corporation currently has an average rating of Hold and a consensus price target of $52.20.
Brown Forman Corporation (NYSE:BF.B) last issued its earnings results on Wednesday, August 30th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07. Brown Forman Corporation had a return on equity of 53.63% and a net margin of 17.84%. The business had revenue of $723.00 million during the quarter, compared to analyst estimates of $690.38 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Brown Forman Corporation’s revenue was up 9.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, September 7th were given a dividend of $0.183 per share. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.73 annualized dividend and a dividend yield of Infinity. This is a positive change from Brown Forman Corporation’s previous quarterly dividend of $0.17. Brown Forman Corporation’s dividend payout ratio is presently 40.56%.
Brown Forman Corporation 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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