Jack Daniel's bolsters Brown-Forman H1

Jack Daniels bottles

It added that net sales grew by 10% to US$914mln also above the consensus estimate of US$871.5mln

The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 1.21. Pivotal Research reaffirmed a "buy" rating and issued a $62.00 target price on shares of Brown Forman in a report on Monday, September 4th. The stock has a market capitalization of $23,920.00, a PE ratio of 33.54 and a beta of 0.95.

Looking forward, for the quarter ending Apr-17, 11 analysts have a mean sales target of 738.42 million. Goldman Sachs Group raised shares of Brown Forman from a "sell" rating to a "neutral" rating and set a $56.00 target price for the company in a report on Thursday, September 28th. Royal Bank Of Canada reiterated a "hold" rating and set a $51.00 price objective on shares of Brown Forman in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company.

Brown-Forman also has high hopes for newer products, like Tennessee Rye and Slane Irish Whiskey. The stock has an average rating of "Hold" and a consensus target price of $52.40.

They expect $0.53 EPS, up 5.66% or $0.03 from last year's $0.5 per share.

Brown-Forman grew "underlying net sales" by 14 percent during the first half of the company's fiscal year, a "blistering" pace that will surely slow in the second half of the year, chief financial officer Jane Morreau said on the company's quarterly call with stock analysts. If you are reading this piece on another publication, it was illegally copied and republished in violation of USA & global trademark and copyright laws.

TRADEMARK VIOLATION WARNING: "Brown Forman (BF.B) Announces Earnings Results" was reported by Week Herald and is owned by of Week Herald.

Including today's unusual volume, Brown-Forman Corporation's stock is performing at 34.68% on the year. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. 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.

Altre Notizie