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UBS Updates Numbers on Brown-Forman Following Q3 Earnings (BF-B)
Following Brown-Forman Corporation’s (BF-B
) third quarter earnings results, analysts at UBS raised the price target and updated future earnings estimates on the alcoholic beverage maker.
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.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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