|Bid||52.31 x 1000|
|Ask||52.34 x 800|
|Day's Range||52.02 - 52.38|
|52 Week Range||44.42 - 57.70|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||32.07|
|Forward Dividend & Yield||0.66 (1.30%)|
|1y Target Est||N/A|
Seven of the world's richest spirits families hold a big portion of the industry, including several companies with Kentucky ties.
How Analysts Reacted to Constellation Brands’ Q4 Results(Continued from Prior Part)Valuation rises post Q4 resultsConstellation Brands’ (STZ) 12-month forward PE multiple increased 7.2% to 21.2x on April 4, the day the company announced its
Brown-Forman Corp NYSE:BF.AView full report here! Summary * Bearish sentiment is low 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. The net inflows of $885 million over the last one-month into ETFs that hold BF.A are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.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.
How Analysts Reacted to Constellation Brands’ Q4 ResultsAnalysts’ reaction to results Constellation Brands (STZ) announced better-than-expected results for the fourth quarter of fiscal 2019 on April 4 backed by the strength in its beer business.
Will Constellation Brands End Fiscal 2019 on a Strong Note?Upcoming fourth-quarter results Constellation Brands (STZ) is scheduled to announce its fourth quarter and fiscal 2019 results on April 4. The company beat analysts’ third-quarter
These Consumer Staples Stocks Marked Stellar Gains in Q1(Continued from Prior Part)Sin stocks’ performances Sin stocks marked healthy growth in the first quarter. Molson Coors (TAP) and Brown-Forman (BF.B) stocks rose 6.2% and 10.9%, respectively,
Brown-Forman Corporation (NYSE:BF-B) was in 21 hedge funds' portfolios at the end of the fourth quarter of 2018. BF investors should pay attention to a decrease in enthusiasm from smart money lately. There were 22 hedge funds in our database with BF holdings at the end of the previous quarter. Our calculations also showed that […]
Jefferson Circuit Court was too quick to dismiss an age-discrimination case against Louisville-based Brown-Forman Corp., the Kentucky Court of Appeals has ruled in an opinion earlier this week. The case is being remanded back to the trial court where Brown-Forman Corp., maker of Jack Daniel's, Woodford Reserve and other liquor brands, will again have to defend itself against the claim. The case in question is Cynthia Williams v. Brown-Forman Corp. Williams was fired from the company in January 2016 and sued several months later, alleging age discrimination and retaliation in violation of the Kentucky Civil Rights Act.
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.