Brown Forman Corporation (BF.B) Scheduled to Post Quarterly Earnings on Wednesday
Brown Forman Corporation (NYSE:BF.B) will announce its earnings results before the market opens on Wednesday, August 30th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 7th will be given a dividend of $0.183 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of Infinity. This is a boost from Brown Forman Corporation’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 6th. Brown Forman Corporation’s dividend payout ratio is presently 42.94%.
A number of equities analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Brown Forman Corporation in a report on Thursday, July 27th. Citigroup Inc. downgraded Brown Forman Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 24th. Zacks Investment Research downgraded Brown Forman Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Credit Suisse Group downgraded Brown Forman Corporation from an “outperform” rating to a “hold” rating and increased their price objective for the company from $51.00 to $53.00 in a research report on Tuesday, June 13th. Finally, Cowen and Company restated a “hold” rating and issued a $52.00 target price on shares of Brown Forman Corporation in a report on Thursday. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.71.
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About Brown Forman Corporation
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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