UBS Updates Numbers on Brown-Forman Following Q3 Earnings (BF-B)
The analysts see fiscal 2013 earnings per share coming in at $2.70, down from the previous view of $2.72 per share. For fiscal 2014, UBS raised estimates from $3.10 per share to $3.14 per share.
Based on fiscal 2014 estimates, the analysts now see BF-B shares reaching $75. This new valuation suggests a 10.5% upside to Wednesday’s closing price of $67.88.
Brown-Forman shares were down a fraction during morning trading on Thursday. The stock is down -15.43% over the past twelve months.
The Bottom Line
Shares of Brown-Forman (BF-B) have a dividend yield of 1.50% based on Thursday’s intraday trading price of $67.83 and the company’s annualized dividend payout of $1.02 per share.
Brown-Forman Corporation (BF-B) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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