Analysts expect Constellation Brands, Inc. (NYSE:STZ) to announce $2.35 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Constellation Brands’ earnings, with the highest sales estimate coming in at $2.39 billion and the lowest estimate coming in at $2.27 billion. Constellation Brands reported sales of $2.26 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The company is scheduled to report its next earnings report before the market opens on Wednesday, October 6th.
According to Zacks, analysts expect that Constellation Brands will report full year sales of $8.59 billion for the current fiscal year, with estimates ranging from $8.52 billion to $8.64 billion. For the next financial year, analysts anticipate that the firm will report sales of $9.19 billion, with estimates ranging from $9.02 billion to $9.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Constellation Brands.
Constellation Brands (NYSE:STZ) last posted its earnings results on Tuesday, June 29th. The company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.35 by ($0.02). The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. Constellation Brands had a return on equity of 14.99% and a net margin of 13.47%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share.
STZ traded up $0.69 during trading on Tuesday, hitting $215.59. The company’s stock had a trading volume of 826,364 shares, compared to its average volume of 1,097,314. The company has a current ratio of 1.61, a quick ratio of 0.94 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $218.74 and its 200 day simple moving average is $227.81. The firm has a market capitalization of $41.41 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 3.52 and a beta of 1.19. Constellation Brands has a twelve month low of $160.63 and a twelve month high of $244.75.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Stockholders of record on Tuesday, August 10th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, August 9th. This represents a $3.04 annualized dividend and a dividend yield of 1.41%. Constellation Brands’s dividend payout ratio is presently 9.33%.
Institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its position in shares of Constellation Brands by 3.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,199 shares of the company’s stock valued at $273,000 after acquiring an additional 44 shares during the last quarter. Horizon Investments LLC lifted its holdings in shares of Constellation Brands by 0.9% in the first quarter. Horizon Investments LLC now owns 5,307 shares of the company’s stock valued at $1,210,000 after purchasing an additional 45 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of Constellation Brands by 2.2% in the first quarter. Financial Advocates Investment Management now owns 2,135 shares of the company’s stock valued at $487,000 after purchasing an additional 46 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Constellation Brands by 3.5% in the first quarter. Clearstead Advisors LLC now owns 1,388 shares of the company’s stock valued at $317,000 after purchasing an additional 47 shares in the last quarter. Finally, Cadence Bank NA lifted its holdings in shares of Constellation Brands by 1.0% in the second quarter. Cadence Bank NA now owns 4,647 shares of the company’s stock valued at $1,087,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 70.41% of the company’s stock.
Constellation Brands Company Profile
Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.
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