Brown-Forman Corporation Class B (BF.B) issued several significant releases recently. They announced a cash dividend and completed the acquisition of the Diplomático Rum brand. The Q1 earnings and sales missed targets due to soft trends. However, the corporation's Q2 earnings were in line with predictions, although the stock fell due to a downward adjustment of future estimates. The Q3 earnings surpassed estimates, but sales missed expectations, leading to another dip in the stock. Furthermore, Brown-Forman recently presented their Year-To-Date Fiscal 2024 Results and updated their full-year outlook. In other notable news, the company's shares are held significantly by individual investors, who own 38%, while institutions hold 36%. Meanwhile, market performance of corporation's stock has been inconsistent, with notable underperformance reported on specific trading days. Despite these challenges, the company remains a popular option for many investors, as seen in several stock analyses and forecasts.
Brown-Forman Corporation Class B BF B News Analytics from Fri, 16 Oct 2015 07:00:00 GMT to Thu, 23 May 2024 20:01:00 GMT -
