52.51 0.00 (0.00%)
After hours: 4:47PM EDT
|Bid||0.00 x 1000|
|Ask||52.72 x 800|
|Day's Range||52.44 - 52.82|
|52 Week Range||44.42 - 57.70|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||32.23|
|Forward Dividend & Yield||0.66 (1.27%)|
|1y Target Est||N/A|
Brown-Forman Corp NYSE:BF.AView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for BF.A with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BF.A. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BF.A had net inflows of $1.14 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
LOUISVILLE, Ky. (AP) — American whiskey producers are suffering a worsening hangover from the Trump administration's trade disputes.
Canada, China, Mexico and the European Union slapped import duties ranging from 10 percent to 25 percent on U.S whiskey and bourbon last year, resulting in a 11 percent drop in U.S. whiskey exports in the second half, according to a report from the Distilled Spirits Council. For the first six months of 2018, whiskey exports grew 28 percent compared to the same period in 2017, partly helped by companies like Jack Daniels maker Brown-Forman Corp, fast-tracking shipments overseas, especially to Europe, before the tariffs kicked in.
The company said the cost of tariffs on American whiskey implemented by the European Union in retaliation for new U.S. tariffs were a drag on earnings.
-- owner of Jack Daniel's -- saw a steady drip down of shares on Wednesday as the liquor and wine company released mixed quarterly earnings. Brown-Forman said third-quarter sales were hurt by a percentage point because of lower net prices to distributors in certain markets used to offset tariffs. "Our portfolio of premium spirits brands delivered solid rates of sustained sales growth, led by the strength of our bourbon and tequila brands, as well as the international expansion of the Jack Daniel's trademark," said Lawson Whiting, Brown-Forman's chief executive, said in a statement.
Jack Daniel's parent Brown-Forman Corp. reported Wednesday a fiscal third-quarter profit that topped expectations but sales that missed. Net income for the quarter to Jan. 31 rose to $227 million, or 47 cents a share, from $190 million, or 39 cents a share, in the year-ago period. The FactSet EPS consensus was 45 cents. Sales grew 3% to $904 million, but was below the FactSet consensus of $911 million. The alcoholic beverage company estimates that sales growth was reduced by one percentage point because of lower net prices to distributors in certain markets to offset tariff costs. For the fiscal year to date, Jack Daniel's brand sales rose 2% on a reported basis, super-premium American whiskey brand sales increased 21%, Herradura sales grew 9% and el Jimador sales rose 11%. The company expects 2019 EPS of $1.65 to $1.75, surrounding the FactSet consensus of $1.69. The Class B shares, which were still inactive in premarket trade, have lost 8.1% over the past 12 months while the S&P 500 has gained 2.3%.
Brown-Forman Corporation reported results for the third quarter and nine months of fiscal 2019, ended January 31, 2019. For the third quarter, the company’s reported net sales1 increased 3% to $904 million compared to the same prior-year period.
Whisky Magazine has named Brown-Forman Corporation (BF-A)(BF-B) the Distiller of the Year and recognized Juan Merizalde Carrillo of Old Forester Distilling Co. as Distillery Manager of the Year at the 2019 Icons of Whisky America Awards held in New York. The Icons of Whisky are the annual industry awards organized by Whisky Magazine that recognize the very best people and places in the whiskey business around the world. The Icons of Whisky Awards America are presented annually as part of the Whisky Magazine Awards.
Brown-Forman Corporation will release its financial results for the third quarter of fiscal 2019 on March 6, 2019 by 8:00 a.m. , followed by a conference call to discuss the results at 10:00 a.m.
Corp. earlier this month launched a new brand of rye, it leveraged a growing prowess in data analytics to ensure the market could handle more whiskey. Brown-Forman, whose brands include Old Forester and Woodford Reserve bourbon, has spent the past three years taking inventory and integrating diverse pools of consumer, production and sales data across its global operations, as part of a broader effort to update an aging technology stack, Mr. Nall said. Founded nearly 150 year ago, Brown-Forman today has some 4,800 employees and operates in more than 170 countries world-wide.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Brown-Forman Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The executive will lead Proximo Inc., a manufacturer, importer and distributor of several beverage brands, including Jose Cuervo.
Brown-Forman Corporation’s Board of Directors declared a regular quarterly cash dividend of $0.166 cents per share on its Class A and Class B Common Stock. Stockholders of record on March 4, 2019 will receive the cash dividend on April 1, 2019.