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.