Constellation Brands (NYSE:STZ) Announces Quarterly Earnings Results


Share on StockTwits

Constellation Brands (NYSE:STZ) announced its quarterly earnings data on Wednesday. The company reported $3.09 EPS for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.68, MarketWatch Earnings reports. Constellation Brands had a net margin of 12.35% and a return on equity of 15.08%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis.

Shares of STZ stock traded up $1.34 on Friday, hitting $230.21. 1,593,486 shares of the company’s stock traded hands, compared to its average volume of 1,745,037. The stock has a market capitalization of $44.61 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 3.26 and a beta of 0.94. The company’s fifty day simple moving average is $211.40 and its 200 day simple moving average is $189.72. Constellation Brands has a one year low of $104.28 and a one year high of $240.76. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.16 and a current ratio of 1.85.

In other Constellation Brands news, Director Judy Schmeling sold 5,662 shares of the company’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $205.51, for a total transaction of $1,163,597.62. Following the completion of the sale, the director now directly owns 9,938 shares in the company, valued at $2,042,358.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 15.77% of the company’s stock.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Constellation Brands from $218.00 to $248.00 and gave the company an “overweight” rating in a research note on Monday, December 28th. UBS Group boosted their price target on shares of Constellation Brands from $238.00 to $256.00 and gave the company a “buy” rating in a report on Friday. MKM Partners upgraded Constellation Brands from a “sell” rating to a “neutral” rating and raised their target price for the stock from $154.00 to $210.00 in a research report on Friday. Smith Barney Citigroup raised their target price on shares of Constellation Brands from $220.00 to $244.00 in a report on Friday. Finally, TheStreet raised shares of Constellation Brands from a “c” rating to a “b” rating in a research report on Thursday, October 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $219.38.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

Read More: Cash Asset Ratio

Earnings History for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.