Brown-Forman posts second quarter profit

Jack Daniels bottles

The RSI takes the closing prices of a given stock over a 14-day period (typically) and calculates a ratio of the number of higher close days to the number of lower close days.

According to Zacks, analysts expect that Brown Forman will report full-year sales of $867.82 million for the current fiscal year, with estimates ranging from $3.13 billion to $3.25 billion. SunTrust Banks reissued a "hold" rating and issued a $50.00 price objective on shares of Brown Forman in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a "hold" rating and issued a $51.00 target price on shares of Brown Forman in a report on Tuesday, October 3rd. During the same period past year, the business earned $0.36 EPS. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $870.60 million. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell.

Net sales increased 10% to $914 million from past year, while it was up 8% on an underlying basis.

Brown-Forman's Class B common shares are up about 37 percent so far this year, compared to a 17 percent gain for the S&P 500 Index. Investors of record on Thursday, December 7th will be paid a dividend of $0.198 per share. This is an increase from Brown Forman's previous quarterly dividend of $0.18. The stock has a market cap of $23,828.58, a P/E ratio of 34.26 and a beta of 0.96. The ex-dividend date is Wednesday, December 6th. Brown Forman's payout ratio is now 40.33%. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 1.21.

Gujarat Elections: Mysterious poster projects Ahmed Patel as Chief Minister
One of Modi's tweets said, "With #CycloneOckhi expected to make a landfall in Gujarat, I appeal to @BJP4Gujarat Karyakartas to focus on helping people across the state.

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Brown-Forman said that it will be "difficult to accurately predict future results" due to the volatility of emerging markets and the "competitive landscape of the developed world".

Meanwhile, the firm's portfolio of super- and ultra-premium whiskeys - which includes Woodford Reserve, Jack Daniel's Single Barrel, and Gentleman Jack - delivered 15% underlying net sales growth (22% reported).

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