Brown-Forman Reports Increased Profits; Beats Estimates (BF-B)

Brown-Forman Reports Increased Profits; Beats Estimates (BF-B)


Alcoholic beverage manufacturer, Brown-Forman Corporation(BF-B) reported increased earnings for their Q2, beating analysts expectations on Wednesday.

The Louisville, KY based company reported second quarter earnings of $173 million, or 80 cents per share, up 9% from last years earnings of $157.6 million, or 73 cents per share. On average, analysts expected to see EPS of 78 cents.

Revenue came in at $1.01 billion for the quarter, matching revenue from last year.

The company expects to see 2013 profit in the range of $2.58 to $2.70 per share, an increased estimate from the previous range of $2.40 to $2.67 per share. Analysts are expecting EPS of $2.67.

Brown-Forman shares were mostly flat during premarket trading Wednesday.

The Bottom Line
Shares of Brown-Forman (BF-B) have a 1.48% dividend yield, based on last night’s closing stock price of $68.74. The stock has technical support in the $64-$65 price area. The shares are trading near all-time highs.

Brown-Forman Corporation(BF-B) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today