$0.53 EPS Expected for Brown-Forman (BF.B); Suffolk Capital Management Has Trimmed Mgm Resorts International (MGM) Holding

November 15, 2017 - By Vivian Park

Analysts expect Brown-Forman Corporation (NYSE:BF.B) to report $0.53 EPS on December, 6.They anticipate $0.03 EPS change or 6.00% from last quarter’s $0.5 EPS. BF_B’s profit would be $204.58 million giving it 27.89 P/E if the $0.53 EPS is correct. After having $0.46 EPS previously, Brown-Forman Corporation’s analysts see 15.22% EPS growth. The stock increased 1.65% or $0.96 during the last trading session, reaching $59.12. About shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 11.07% since November 15, 2016 and is uptrending. It has underperformed by 5.63% the S&P500.

Suffolk Capital Management Llc decreased Mgm Resorts International (MGM) stake by 25.35% reported in 2017Q2 SEC filing. Suffolk Capital Management Llc sold 129,003 shares as Mgm Resorts International (MGM)’s stock rose 17.48%. The Suffolk Capital Management Llc holds 379,848 shares with $11.89 million value, down from 508,851 last quarter. Mgm Resorts International now has $18.60B valuation. The stock decreased 0.67% or $0.22 during the last trading session, reaching $32.85. About 1,000 shares traded. MGM Resorts International (NYSE:MGM) has risen 45.28% since November 15, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

Analysts await MGM Resorts International (NYSE:MGM) to report earnings on February, 15. They expect $0.07 EPS, down 36.36% or $0.04 from last year’s $0.11 per share. MGM’s profit will be $39.63M for 117.32 P/E if the $0.07 EPS becomes a reality. After $0.33 actual EPS reported by MGM Resorts International for the previous quarter, Wall Street now forecasts -78.79% negative EPS growth.

Among 15 analysts covering MGM Resorts (NYSE:MGM), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. MGM Resorts had 54 analyst reports since August 5, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Friday, June 17 report. Argus Research upgraded the stock to “Buy” rating in Thursday, October 6 report. As per Thursday, June 9, the company rating was maintained by Stifel Nicolaus. The stock has “Neutral” rating by Susquehanna on Tuesday, October 3. The rating was maintained by JP Morgan on Tuesday, October 13 with “Overweight”. As per Friday, December 9, the company rating was maintained by Telsey Advisory Group. The stock of MGM Resorts International (NYSE:MGM) has “Hold” rating given on Wednesday, October 18 by Stifel Nicolaus. As per Friday, June 17, the company rating was maintained by Telsey Advisory Group. The firm has “Buy” rating by UBS given on Monday, November 2. The stock of MGM Resorts International (NYSE:MGM) earned “Outperform” rating by Telsey Advisory Group on Tuesday, January 17.

Suffolk Capital Management Llc increased Polyone Corp. (NYSE:POL) stake by 9,403 shares to 47,722 valued at $1.85 million in 2017Q2. It also upped Class C stake by 4,959 shares and now owns 25,889 shares. Jpmorgan Chase& Co (NYSE:JPM) was raised too.

Since May 19, 2017, it had 0 insider purchases, and 1 sale for $317,052 activity. $312,773 worth of MGM Resorts International (NYSE:MGM) was sold by McManus John on Friday, May 19. The insider SELWOOD ROBERT sold $317,052.

Investors sentiment decreased to 1.01 in Q2 2017. Its down 0.22, from 1.23 in 2017Q1. It worsened, as 45 investors sold MGM shares while 137 reduced holdings. 66 funds opened positions while 117 raised stakes. 425.76 million shares or 3.24% more from 412.40 million shares in 2017Q1 were reported. Royal Fincl Bank Of Canada has invested 0.05% of its portfolio in MGM Resorts International (NYSE:MGM). Frontfour Capital Gru holds 321,120 shares or 2% of its portfolio. 6.88M were reported by Maverick Limited. Bancorp Of America De owns 1.71M shares for 0.01% of their portfolio. 7.65M were accumulated by Pointstate Capital Lp. Voya Mngmt Lc reported 146,057 shares or 0.01% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 82,391 shares or 0.03% of all its holdings. 379,848 are owned by Suffolk Mngmt Limited Co. New York-based Sg Americas Secs Limited Company has invested 0.02% in MGM Resorts International (NYSE:MGM). Gates Capital Mgmt holds 3.9% of its portfolio in MGM Resorts International (NYSE:MGM) for 3.71 million shares. 2.32M are held by Nicholas Inv Prtn L P. Janney Montgomery Scott has 0.01% invested in MGM Resorts International (NYSE:MGM). Hap Trading Lc holds 0.65% or 390,159 shares. Mckinley Management Lc Delaware reported 1% in MGM Resorts International (NYSE:MGM). Lenox Wealth Advsrs has 0.02% invested in MGM Resorts International (NYSE:MGM).

Brown-Forman Corporation is a spirit and wine company. The company has market cap of $22.82 billion. The Firm makes, bottles, imports, exports, markets and sells a range of alcoholic beverages. It has a 32.69 P/E ratio. The Firm has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail brands.

Among 11 analysts covering Brown-Forman (NYSE:BF.B), 0 have Buy rating, 2 Sell and 9 Hold. Therefore 0 are positive. Brown-Forman had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, October 12. The company was maintained on Thursday, July 13 by Cowen & Co. On Thursday, August 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by Sterne Agee CRT on Friday, February 26 to “Neutral”. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 6 report. As per Thursday, December 22, the company rating was downgraded by Suntrust Robinson. The rating was downgraded by Stifel Nicolaus on Friday, October 23 to “Hold”. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, August 30. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, September 28 report. The rating was initiated by Credit Suisse with “Outperform” on Friday, September 16.

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By1 Vivian Park




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