NEW YORK (TheStreet) -- Shares of Brown-Forman Corp (BF.B) were up 1.21% to $95.49 in late morning trading Wednesday, after the world's leading producer and distributor of premium alcoholic beverages released its fourth-quarter fiscal 2015 earnings results this morning.
The company earned 66 cents per share, matching analysts' estimates while revenue came in at $947 million.
Wall Street expected the maker of Jack Daniels to post a profit of 66 cents a share on revenue of $918 million for the period, according to analysts surveyed by Thomson Reuters.
For the full year fiscal 2016, Brown-Forman now projects earnings of between $3.40 to $3.60 per share, compared to analysts' estimates of $3.46 per share.
Louisville, Ky.-based Brown-Forman primarily manufactures, bottles, imports, exports, markets, and sells a variety of alcoholic beverage brands.
The company's principal brands include Jack Daniel's Tennessee Whiskey, Jack Daniel's Tennessee Whiskey, Pepe Lopez Tequilas, Jack Daniel's Single Barrel, and Woodford Reserve Bourbons.
Separately ,TheStreet Ratings team rates BROWN-FORMAN as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BROWN-FORMAN (BF.B) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."