Trader Alert: Unusual Volume Spotted in Brown-Forman Corporation (:BF-A)

Jack Daniels bottles

Brown-Forman Corporation (:BF-A)'s market cap, the total dollar value of all of their outstanding shares, is 10530.81m.

But shares of Brown-Forman have climbed since late August, when the company raised its full-year EPS forecast and delivered estimate-topping first-quarter earnings, marking what Zacks analysts called a rebound from a "dismal" prior quarter.

A number of analysts recently issued reports on BF.B shares.

Results: EPS of 62 cents on revenue of $914 million. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Brown Forman had a net margin of 17.84% and a return on equity of 53.63%. Brown Forman has a fifty-two week low of $43.72 and a fifty-two week high of $62.20.

Institutional investors now hold around $6.01 billion or 46% in BF-B stock.


Looking ahead for fiscal year 2018, the company now expects earnings per share to be in the range of $1.90 to $1.98, underlying operating income growth of 8% to 9%, and underlying net sales growth of 6% to 7%. Finally, Berenberg Bank reissued a "hold" rating and set a $46.00 price target on shares of Brown Forman in a research report on Monday, September 18th.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd.

Brown-Forman said that it will be "difficult to accurately predict future results" due to the volatility of emerging markets and the "competitive landscape of the developed world". This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Wednesday, December 6th. If you are accessing this report on another publication, it was illegally copied and republished in violation of USA & worldwide copyright law. The original version of this piece can be accessed at https://weekherald.com/2017/12/07/867-82-million-in-sales-expected-for-brown-forman-corporation-bf-b-this-quarter.html.

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide.

Jack Daniel's Tennessee Whiskey (+6%), Tennessee Honey (+8%), Tennessee Fire (+14%), and the brand's RTD offerings (+15%) were all up strongly in the first half of the year.

Related:

Comments

Latest news

Are Insiders Shedding Shares of Conagra Brands, Inc. (NYSE:CAG)?
The institutional investor owned 42,500 shares of the company's stock after buying an additional 17,500 shares during the period. Shares have moved $13.84 over the past month and more recently, $5.54 over the past week heading into the earnings announcement.

Strangers Club Together to Save Crumbling French Castle
The Mothe-Chandeniers chateau in Les Trois-Moutiers dates back to the 1200s and was originally owned by the Bau├žay family. It doesn't have to be because over 9,000 people are coming together to buy this castle in France and it looks fancy af.

The Tredje AP fonden Boosts Position in Marvell Technology Group Ltd. (MRVL)
The New York-based Alpine Woods Lc has invested 0.08% in DISH Network Corporation (NASDAQ:DISH). (NASDAQ:LOGM) for 4,045 shares. LLC purchased a new stake in shares of Marvell Technology Group during the 3rd quarter valued at about $124,000.

LG Signature Edition introduced, only 300 units will be sold
The same 6-inch OLED display, Snapdragon 835, dual-cameras, Qi charging, and 3,300 mAh battery remain the same. For pricing, LG is charging a $1,000 premium over a standard V30, totaling $1,800 in USA dollars.

Ed Sheeran Received This Major Honor from Prince Charles at Buckingham Palace
Asked about the secret of his success, Sheeran played down his achievements, saying: "I think it's persistence". The 26-year-old accepted an MBE from Prince Charles earlier today and looked very dapper in a blue-fitted suit.

Other news