Brown-Forman Co. (NYSE:BF.B)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $69.64 and last traded at $69.59, with a volume of 2803 shares trading hands. The stock had previously closed at $68.89.
Several analysts recently weighed in on BF.B shares. Cfra lowered Brown-Forman from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Redburn Partners downgraded Brown-Forman from a “buy” rating to a “neutral” rating in a research note on Friday, October 11th. ValuEngine downgraded Brown-Forman from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. MKM Partners started coverage on Brown-Forman in a research note on Thursday, September 19th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Evercore ISI downgraded Brown-Forman from an “in-line” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $60.33.
The company has a quick ratio of 1.80, a current ratio of 3.94 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $66.42 and a 200 day simple moving average of $61.96. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 40.23, a P/E/G ratio of 4.92 and a beta of 0.63.
Brown-Forman (NYSE:BF.B) last issued its earnings results on Thursday, December 5th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. Brown-Forman had a return on equity of 50.65% and a net margin of 25.10%. The company had revenue of $989.00 million during the quarter, compared to the consensus estimate of $973.97 million. As a group, analysts forecast that Brown-Forman Co. will post 1.82 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 5th were paid a $0.174 dividend. This is an increase from Brown-Forman’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Wednesday, December 4th. Brown-Forman’s payout ratio is presently 40.46%.
About Brown-Forman (NYSE:BF.B)
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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