Constellation Brands (NYSE:STZ) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Constellation Brands (NYSE:STZ) announced its quarterly earnings data on Wednesday. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.11, Briefing.com reports. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business earned $2.91 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Constellation Brands updated its FY 2025 guidance to 13.500-13.800 EPS and its FY25 guidance to $13.50-13.80 EPS.

Constellation Brands Stock Up 0.3 %

STZ traded up $0.63 during midday trading on Friday, reaching $251.00. The company’s stock had a trading volume of 102,472 shares, compared to its average volume of 1,195,883. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.66 and a beta of 0.87. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands has a 1 year low of $227.50 and a 1 year high of $274.87. The stock’s 50-day moving average is $254.77 and its 200-day moving average is $253.97.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.61%. Constellation Brands’s dividend payout ratio is currently 43.07%.

Analysts Set New Price Targets

STZ has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group upped their price objective on shares of Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Constellation Brands from $291.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, HSBC upped their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.16.

Insiders Place Their Bets

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,031 shares of company stock worth $12,582,321. 12.19% of the stock is currently owned by company insiders.

About Constellation Brands

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