Brown-Forman Corporation (BF.B) is Downgraded by BofA/Merrill to Underperform

Brown-Forman Corporation (BF.B) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 13, 2016.

On the company’s financial health, Brown-Forman Corporation reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jun 8, 2016. Analyst had a consensus of $0.72. The company had revenue of $933.00 million for the quarter, compared to analysts expectations of $899.12 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Brown-Forman Corporation manufactures bottles imports exports markets and sells alcoholic beverages. The Company’s principal brands include Jack Daniel’s Tennessee Whiskey Jack Daniel’s ready-to-drinks (RTD) Jack Daniel’s Tennessee Honey Gentleman Jack Rare Tennessee Whiskey Jack Daniel’s Tennessee Fire Jack Daniel’s Single Barrel Finlandia Vodkas Finlandia RTDs Southern Comfort Southern Comfort flavored line extensions Southern Comfort RTDs Early Times Kentucky Whisky Early Times Fire Eater Early Times Kentucky Bourbon Korbel California Champagnes Korbel California Brandy and el Jimador Tequilas among others. The Company’s international markets include Australia the United Kingdom Mexico Germany Poland France Russia Turkey Canada and Japan. The Company’s products are sold in more than 160 countries around the world.

Brown-Forman Corporation

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