BF-B - Brown-Forman Corporation

NYSE - NYSE Delayed Price. Currency in USD
45.45
+0.09 (+0.20%)
At close: 4:02PM EST

45.45 0.00 (0.00%)
After hours: 4:17PM EST

Stock chart is not supported by your current browser
Previous Close45.36
Open45.32
Bid43.41 x 800
Ask50.26 x 900
Day's Range45.17 - 45.52
52 Week Range44.57 - 59.58
Volume2,226,595
Avg. Volume1,364,819
Market Cap21.722B
Beta (3Y Monthly)0.47
PE Ratio (TTM)29.32
EPS (TTM)1.55
Earnings DateN/A
Forward Dividend & Yield0.66 (1.46%)
Ex-Dividend Date2018-12-05
1y Target Est50.58
Trade prices are not sourced from all markets
  • Markit9 hours ago

    See what the IHS Markit Score report has to say about Brown-Forman Corp.

    # Brown-Forman Corp ### NYSE:BF.B View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for BF.B with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $10.63 billion over the last one-month into ETFs that hold BF.B are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According 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, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.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.

  • Where Constellation Brands’ Valuation Stands after Its Q3 Results
    Market Realist3 days ago

    Where Constellation Brands’ Valuation Stands after Its Q3 Results

    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

  • Softness in Beer Hurt Alcohol Stocks, Can Cannabis Change Fate?
    Zacks8 days ago

    Softness in Beer Hurt Alcohol Stocks, Can Cannabis Change Fate?

    Softness in Beer Hurt Alcohol Stocks, Can Cannabis Change Fate?

  • Barrons.com8 days ago

    2 Consumer-Staples Stocks That Could Break Out

    Goldman Sachs upgraded Keurig Dr Pepper and Colgate-Palmolive and downgraded Estée Lauder and Brown-Forman.

  • Why Constellation Brands Has Fallen More than 12% Today
    Market Realist8 days ago

    Why Constellation Brands Has Fallen More than 12% Today

    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.

  • Markit8 days ago

    See what the IHS Markit Score report has to say about Brown-Forman Corp.

    # Brown-Forman Corp ### NYSE:BF.B View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for BF.B with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding BF.B is favorable, with net inflows of $23.71 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Positive According 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, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.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.

  • Analysts Upgrade Constellation Brands before Its Q3 Results
    Market Realist9 days ago

    Analysts Upgrade Constellation Brands before Its Q3 Results

    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.

  • Will Constellation Brands’ Stock Rebound with Its Q3 Results?
    Market Realist10 days ago

    Will Constellation Brands’ Stock Rebound with Its Q3 Results?

    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) Down 3.1% Since Last Earnings Report: Can It Rebound?
    Zacks13 days ago

    Brown-Forman Corporation (BF.B) Down 3.1% Since Last Earnings Report: Can It Rebound?

    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.

  • Bourbon stories to watch in 2019
    American City Business Journals22 days ago

    Bourbon stories to watch in 2019

    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.

  • Is Brown-Forman Corporation’s (NYSE:BF.B) CEO Overpaid Relative To Its Peers?
    Simply Wall St.29 days ago

    Is Brown-Forman Corporation’s (NYSE:BF.B) CEO Overpaid Relative To Its Peers?

    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...

  • These Distillers Should Gain as Whiskey's Popularity Grows
    Motley Foollast month

    These Distillers Should Gain as Whiskey's Popularity Grows

    The brown spirit has never been more popular than it is now.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of BF.B earnings conference call or presentation 5-Dec-18 3:00pm GMT

    Q2 2019 Brown-Forman Corp Earnings Call

  • GuruFocus.comlast month

    Mario Gabelli Comments on Brown-Forman Corp

    Guru stock highlight

  • Business Wirelast month

    Brown-Forman Investor Day Webcast Scheduled for December 12, 2018

    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’.

  • COVER STORY: How new CEO Lawson Whiting plans to execute on Brown-Forman's whiskey dominance
    American City Business Journalslast month

    COVER STORY: How new CEO Lawson Whiting plans to execute on Brown-Forman's whiskey dominance

    The ramp for the Woodford Reserve brand is huge, according to Brown-Forman's new CEO. And it's the next step in taking American whiskey to a global stage.

  • Company News For Dec 6, 2018
    Zackslast month

    Company News For Dec 6, 2018

    Companies In The News Are: NXEO,GEF,BF.B,MOV

  • Brown-Forman: Tariff issue taking longer than expected to resolve
    American City Business Journalslast month

    Brown-Forman: Tariff issue taking longer than expected to resolve

    The are reasons to be optimistic, but European tariffs are still a concern for the distilling giant.

  • Brown-Forman posts higher earnings in fiscal 2nd quarter
    Associated Presslast month

    Brown-Forman posts higher earnings in fiscal 2nd quarter

    LOUISVILLE, Ky. (AP) — Liquor company Brown-Forman Corp. reported slightly higher second-quarter net income Wednesday on the strength of its American whiskey and tequila sales, but cautioned that it's starting to feel the pinch from tariffs slapped on its spirits in key European markets.

  • Brown-Forman (BF.B) Q2 Earnings Beat Estimates, Sales Miss
    Zackslast month

    Brown-Forman (BF.B) Q2 Earnings Beat Estimates, Sales Miss

    Brown-Forman (BF.B) beats on second-quarter fiscal 2019 earnings while sales miss estimates. Results include impacts of tariff-related inventory reductions in the fiscal second quarter.

  • Brown-Forman earnings top analysts' estimates
    American City Business Journalslast month

    Brown-Forman earnings top analysts' estimates

    Brown-Forman Corp. reported what it called "solid" earnings for its second quarter, ended Oct. 31. Net income for the quarter rose 4 percent, to $249 million, or 52 cents per share. Analysts in the Zacks Consensus Estimate expected the company to post earnings of 51 cents per share.

  • Brown-Forman Corporation (BF.B) Q2 Earnings Top Estimates
    Zackslast month

    Brown-Forman Corporation (BF.B) Q2 Earnings Top Estimates

    Brown-Forman Corporation (BF.B) delivered earnings and revenue surprises of 1.96% and -2.27%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?

  • The Wall Street Journallast month

    [$$] Brown-Forman's Revenue Falls Slightly But Profit Rises

    Brown-Forman reported a fiscal second-quarter profit of $249 million, up 4.2% from the comparable quarter a year ago. Net sales fell by 0.4% to $910 million.