Brown-Forman Co. (BF.B) Releases FY15 Earnings Guidance

Share on StockTwits

Brown-Forman Co. (NASDAQ:BF.B) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.25-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.30, Stock Ratings News reports. The company issued revenue guidance of +6-8% calc to ~$4.18-4.26 billion, compared to the consensus revenue estimate of $3.82 billion.

Brown-Forman (NASDAQ:BF.B) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.04. The company had revenue of $893.00 million for the quarter, compared to the consensus estimate of $923.73 million. During the same quarter last year, the company posted $0.52 earnings per share. Brown-Forman’s revenue was up 3.1% compared to the same quarter last year.

The company also recently announced a dividend, which is scheduled for Tuesday, July 1st. Investors of record on Wednesday, June 4th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, June 2nd.

Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Brown-Forman from $90.00 to $95.00 in a research note on Friday, March 7th. They now have an outperform rating on the stock. On a related note, analysts at Barclays raised their price target on shares of Brown-Forman from $76.00 to $83.00 in a research note on Thursday, March 6th. They now have an underweight rating on the stock. Finally, analysts at Nomura raised their price target on shares of Brown-Forman from $76.00 to $89.00 in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Brown-Forman currently has an average rating of Buy and an average price target of $88.75.

Brown-Forman Corporation primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Walmart Replaces Top Person in U.S. Business
Walmart Replaces Top Person in U.S. Business
Nokia Receives Boost from Handset Sale
Nokia Receives Boost from Handset Sale
Pepsi Sees Strong Results, Increases Outlook
Pepsi Sees Strong Results, Increases Outlook
Profits at Netflix Jump to $71 Million
Profits at Netflix Jump to $71 Million
McDonald’s and KFC Sold Expired Meat by China Supplier
McDonald’s and KFC Sold Expired Meat by China Supplier
Profit at Capital One Beats Estimate
Profit at Capital One Beats Estimate


Leave a Reply

 
 
© 2006-2014 Ticker Report. Google+.