48.41 0.00 (0.00%)
After hours: 5:09PM EST
|Bid||43.41 x 900|
|Ask||59.00 x 900|
|Day's Range||47.86 - 48.62|
|52 Week Range||44.57 - 59.58|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||31.23|
|Forward Dividend & Yield||0.66 (1.37%)|
|1y Target Est||50.58|
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.
The Dividend Aristocrats fared better than many other stocks during 2018. This group of dividend royalty delivered a 3.3% decline for the year including income, less than the 4.4% drop for the Standard & Poor's 500-stock index.The Dividend Aristocrats, for the uninitiated, are a subset of the S&P; 500 that have increased their annual dividends without interruption for at least 25 consecutive years. And these 50-plus superstar dividend stocks are noteworthy for several reasons: * Their yields are generally higher than the index, averaging 2.5% throughout 2018 versus 1.9% for the S&P; 500. * They've also outperformed over the longer term. During the 10-year period ending Sept. 30, 2018, the Aristocrats returned approximately 13.6% annually, compared to 12% for the S&P; 500. * Risk also was lower. Volatility of returns (as measured by standard deviation) averaged 13.6% for Dividend Aristocrats versus 14.4% for S&P; 500 stocks.However, sometimes even great stocks get knocked back a little. These 18 Dividend Aristocrats have posted double-digit price declines over the past year, with most of them still recovering from the fourth-quarter broad-market drubbing. The upside for any investors considering putting new money to work in these dividend stocks: Many are close to multiyear lows, and several yield more than 3%. SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
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.
Brown-Forman Corp NYSE:BF.AView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding BF.A totaled $4.90 billion. Additionally, the rate of outflows appears to be accelerating. 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 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.
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.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention Read More...
Constellation Brands' Guidance Cut Overshadowed Its Q3 Results (Continued from Prior Part) ## STZ’s valuation Constellation Brands (STZ) was trading at 12-month forward PE multiple of 15.4x as of the end of the day on January 9. Constellation Brands’ forward valuation multiple fell 13.1% on January 9 as the company lowered its guidance for fiscal 2019, which ends on February 28, 2019. Higher interest expenses associated with the company’s financing of its stake in Canopy Growth (CGC) and weakness in the performance of its wine and spirits business are expected to adversely affect its fiscal 2019 earnings. As of January 9, Anheuser-Busch InBev (BUD), Molson Coors Brewing (TAP), and Brown-Forman (BF.B) are trading at 12-month forward PE multiples of 17.3x, 12.4x, and 27.1x, respectively. Constellation Brands is trying to boost its performance by focusing on premium brands in the beer and wine and spirits businesses. The company is exploring strategic alternatives to address the weakness in the $11 and below price point in the wine and spirits business. Constellation Brands is also focusing on innovation to drive its top line growth. Its Corona Premier, a low-calorie beer, has achieved tremendous success since its introduction. In the wine and spirits business, the company’s latest product introductions include Meiomi Rosé and SVEDKA Blue Raspberry. Constellation Brands has over a 36% stake in leading cannabis company Canopy Growth and has the option of increasing its stake to over 50%. Constellation’s significant investment in Canopy Growth gives it the opportunity to capitalize on the growth prospects in the global medicinal and recreational cannabis market. ## Analysts’ expectations Analysts expect Constellation Brands’ sales to rise 6.7% to $8.1 billion and its adjusted EPS to rise 6.8% to $9.31 in fiscal 2019. In fiscal 2020, the company’s sales growth and adjusted EPS growth are expected to be 6.5% and 5.9%, respectively. Its premium Mexican beer brands are likely to be the key drivers of its future growth. Browse this series on Market Realist: * Part 1 - Constellation Brands’ Guidance Cut Overshadowed Its Q3 Results * Part 2 - How Constellation Brands’ Q3 Earnings Shook Out * Part 3 - Assessing Constellation Brands’ Q3 Sales Growth
Why Constellation Brands Has Fallen More than 12% Today ## Constellation Brands On January 9, Constellation Brands (STZ) reported its third-quarter results before the market opened. The third quarter ended on November 30. The company’s adjusted EPS rose 18.5% to $2.37 in the third quarter of fiscal 2019 from $2.00 a year ago. The EPS was better than analysts’ consensus estimates of $2.06. However, the company’s stock fell more than 12% during the pre-market trading session on January 9. Let’s take a look at what could be driving the pessimism. ## Positive highlights In the last quarter ending on November 30, Constellation Brands’ beer shipments rose 14.1% YoY (year-over-year), while its wine shipments were stagnant. The company’s third-quarter adjusted revenues rose 9.6% YoY to ~$2.0 billion. Constellation Brands’ third-quarter adjusted net profit was $461.7 million—up 14.7% YoY with a net profit margin of 23.4% compared to 22.4% a year ago. ## What’s driving the pessimism? In Constellation Brands’ earnings report for the third quarter of fiscal 2019, the company lowered its fiscal 2019 earnings guidance to $9.20–and $9.30 from $9.60–$9.75 per share. In the report, the company said, “The wine and spirits business now expects net sales and operating income to decline low-single digits for fiscal 2019.” Despite stronger-than-estimated third-quarter results, Constellation Brands’ weaker fiscal 2019 guidance could be driving the stock lower in the pre-market session on January 9. In 2018, Constellation Brands lost 29.6%, while Molson Coors (TAP), Anheuser-Busch InBev (BUD), and Brown-Forman (BF.B) fell 31.6%, 41.0%, and 11.8%, respectively. Tilray (TLRY) settled with 15.8% gains on January 8. To learn more, read Why Tilray Surged Over 14% Today.
Analysts Upgrade Constellation Brands before Its Q3 Results ## Constellation Brands On January 7, Constellation Brands (STZ) stock was upgraded by Susquehanna and HSBC. Susquehanna upgraded Constellation Brands stock to “neutral” from “negative” and assigned a target price of $174. On the same day, HSBC upgraded its rating for Constellation Brands to “buy” from “hold” with a target price of $206. Constellation Brands stock rose 2.1% on January 7. Constellation Brands is scheduled to announce its results for the third quarter of fiscal 2019 on January 9. Constellation Brands’ growth has mainly been driven by the continued demand for its Mexican beer portfolio, which includes popular brands like Corona and Modelo. The company is trying to improve its wine and spirits business by focusing on premium brands. Constellation Brands has also drawn attention with its significant investment in leading cannabis company Canopy Growth (CGC). ## Analysts’ recommendations As of January 7, Constellation Brands stock was rated as a “buy” by 71% or 17 out of 24 analysts covering the stock. As of January 7, the 12-month average target price for Constellation Brands stock was $233.13. The price estimate reflects an upside of 37% over the next 12 months. In 2018, Constellation Brands and peers Anheuser-Busch InBev (BUD), Molson Coors (TAP), and Brown-Forman (BF.B) declined 29.6%, 41.0%, 31.6%, and 11.8%, respectively. These alcoholic beverage stocks performed worse than the S&P 500, which fell 6.2% last year. Analysts expect Constellation Brands’ sales to increase 5.9% to $1.9 billion in the third quarter of fiscal 2019. Analysts expect the company’s EPS, excluding one-time items, to be $2.06, which reflects 3.0% growth year-over-year.
What to Expect from Constellation Brands’ Q3 Results (Continued from Prior Part) ## Do analysts expect upside? Stocks of Constellation Brands (STZ) and other major alcoholic beverage players were in the red in 2018. Constellation Brands’ stock declined 29.6% in 2018 while Anheuser-Busch InBev (BUD), Molson Coors Brewing (TAP), and Brown-Forman (BF.B) fell 41.0%, 31.6%, and 11.8%, respectively. On December 6, Wells Fargo lowered its price target for Constellation Brands stock to $260 from $275. On December 11, Barclays lowered its price target to $240 from $257. On December 16, J.P. Morgan lowered its price target to $220 from $255. On December 20, Morgan Stanley cut its price target to $246 from $259. On December 13, UBS initiated coverage of Constellation Brands stock with a “neutral” rating and a $209 price target. Currently, the average price target for Constellation Brands indicates a significant upside potential in 2019. As of January 3, the 12-month average price target for Constellation Brands stock was $235.74, which implies an upside of about 46%. ## Analysts’ recommendations As of January 3, Constellation Brands stock was rated a “buy” by 67% or 16 out 24 analysts. The stock is rated a “hold” by six analysts and a “sell” by two analysts. The leading beer, wine, and spirits producer is enhancing its profitability by focusing on high-end or premium beer, wine, and spirits products. Constellation Brands’ Mexican beer portfolio consists of popular imported brands like Corona and Modelo, which have been enjoying strong demand. The company has been significantly investing in the expansion of its production capacity to support high demand. Constellation Brands has also been in the news due to its significant investment in Canopy Growth Corporation (CGC), a leading cannabis and hemp company. With a $4 billion additional investment, Constellation Brands increased its stake in Canopy Growth to about 37%. Through this investment, Constellation Brands can capitalize on the tremendous growth opportunities in the cannabis and hemp market. Browse this series on Market Realist: * Part 1 - What to Expect from Constellation Brands’ Q3 Results * Part 2 - Will Constellation Brands’ Beer Sales Impress in Q3? * Part 3 - Why Constellation Brands’ Operating Margin Might Fall in Q3
Brown-Forman Corporation (BF.B) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Tariffs likely will continue to be the story to watch in 2019 for Kentucky's bourbon industry. The European Union put a 25 percent tariff on U.S. whiskey, including bourbon, starting in July 2018 in retaliation to President Donald Trump's 25 percent tax on imported steel. Jack Daniel's parent, Louisville-based distiller Brown-Forman Corp. (NYSE: BFB), had to adjust its earnings expectations.
Paul Varga has been the CEO of Brown-Forman Corporation (NYSE:BF.B) since 2005. First, this article will compare CEO compensation with compensation at other large companies. After that, we will consider Read More...
Brown-Forman Corporation will host an analyst meeting with presentations starting at 1:00 p.m. on December 12, 2018 in New York. A live audio webcast of the company’s presentations and question and answer session with analysts will be available via www.brown-forman.com, through a link to ‘Investors – Events & Presentations’.