Earnings results for Brown-Forman Stock Forecast, Price & News (NYSE:BF.B)
Brown Forman Corporation is expected* to report earnings on 09/02/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $0.39.
Brown-Forman last announced its earnings results on June 9th, 2020. The reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by $0.01. The firm had revenue of $744 million for the quarter, compared to the consensus estimate of $681.12 million. Its quarterly revenue was up 4.9% on a year-over-year basis. Brown-Forman has generated $1.72 earnings per share over the last year and currently has a price-to-earnings ratio of 42.0. Brown-Forman has confirmed that its next quarterly earnings report will be published on Wednesday, September 2nd, 2020.
Analyst Opinion on Brown-Forman Stock Forecast, Price & News (NYSE:BF.B)
7 Wall Street analysts have issued ratings and price targets for Brown-Forman in the last 12 months. Their average twelve-month price target is $56.75, predicting that the stock has a possible downside of 21.83%. The high price target for BF.B is $60.00 and the low price target for BF.B is $51.00. There are currently 4 sell ratings and 3 hold ratings for the stock, resulting in a consensus rating of “Sell.”
Brown-Forman has received a consensus rating of Sell. The company’s average rating score is 1.43, and is based on no buy ratings, 3 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $56.75, Brown-Forman has a forecasted downside of 21.8% from its current price of $72.60. Brown-Forman has received no research coverage in the past 90 days.
Dividend Strength: Brown-Forman Stock Forecast, Price & News (NYSE:BF.B)
Brown-Forman has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends. Brown-Forman does not have a long track record of dividend growth. The dividend payout ratio of Brown-Forman is 40.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Brown-Forman will have a dividend payout ratio of 38.04% next year. This indicates that Brown-Forman will be able to sustain or increase its dividend.
Insiders buying/selling: Brown-Forman Stock Forecast, Price & News (NYSE:BF.B)
In the past three months, Brown-Forman insiders have not sold or bought any company stock. Only 4.34% of the stock of Brown-Forman is held by insiders. Only 30.78% of the stock of Brown-Forman is held by institutions.
Earnings and Valuation of Brown-Forman Stock Forecast, Price & News (NYSE:BF.B
Earnings for Brown-Forman are expected to grow by 13.58% in the coming year, from $1.62 to $1.84 per share. The P/E ratio of Brown-Forman is 41.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.32. The P/E ratio of Brown-Forman is 41.97, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 50.04. Brown-Forman has a P/B Ratio of 17.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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