Constellation Brands (NYSE:STZ) Posts Quarterly Earnings Results, Beats Estimates By $0.68 EPS


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

Shares of NYSE:STZ traded up $1.34 on Friday, reaching $230.21. 1,594,978 shares of the company traded hands, compared to its average volume of 1,745,336. Constellation Brands has a fifty-two week low of $104.28 and a fifty-two week high of $240.76. The company’s 50 day moving average is $211.40 and its 200-day moving average is $189.72. The stock has a market capitalization of $44.61 billion, a PE ratio of 40.80, a P/E/G ratio of 3.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.85 and a quick ratio of 1.16.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 23rd. Stockholders of record on Tuesday, February 9th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, February 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. Constellation Brands’s dividend payout ratio (DPR) is presently 10.20%.

STZ has been the subject of several recent research reports. Argus upped their target price on Constellation Brands from $230.00 to $272.00 and gave the company a “buy” rating in a report on Friday. MKM Partners raised Constellation Brands from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $154.00 to $210.00 in a report on Friday. UBS Group increased their price objective on Constellation Brands from $238.00 to $256.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Constellation Brands from $208.00 to $219.00 and gave the stock a “hold” rating in a report on Friday. Finally, Citigroup increased their price objective on Constellation Brands from $200.00 to $209.00 and gave the stock a “neutral” rating in a report on Tuesday, October 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $219.38.

In other news, Director Judy Schmeling sold 5,662 shares of the stock in a transaction on Monday, November 30th. The stock was 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 owns 9,938 shares in the company, valued at approximately $2,042,358.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.77% of the stock is currently owned by corporate insiders.

Constellation Brands Company Profile

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.

Further Reading: Diversification in Investing

Earnings History for Constellation Brands (NYSE:STZ)

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