Constellation Brands (NYSE:STZ) Updates FY25 Earnings Guidance

Constellation Brands (NYSE:STZ) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $13.60-13.80 for the period, compared to the consensus estimate of $13.71. The company issued revenue guidance of $10.36-10.56 billion, compared to the consensus revenue estimate of $10.46 billion.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $246.67 on Friday. The firm has a fifty day moving average price of $246.53 and a two-hundred day moving average price of $253.39. Constellation Brands has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The company has a market cap of $45.13 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.74 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.08 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.70 earnings per share. Analysts expect that Constellation Brands will post 13.53 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a $1.01 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.64%. Constellation Brands’s dividend payout ratio (DPR) is currently 30.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price target on shares of Constellation Brands from $265.00 to $255.00 and set a hold rating on the stock in a report on Friday. Morgan Stanley lowered their target price on shares of Constellation Brands from $305.00 to $280.00 and set an overweight rating on the stock in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their price target on shares of Constellation Brands from $307.00 to $293.00 and set an overweight rating for the company in a research note on Friday. BMO Capital Markets reiterated an outperform rating and issued a $315.00 price objective on shares of Constellation Brands in a research note on Friday, July 5th. Finally, Jefferies Financial Group increased their target price on Constellation Brands from $310.00 to $311.00 and gave the stock a buy rating in a report on Friday, July 5th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has an average rating of Moderate Buy and an average target price of $295.75.

Insider Transactions at Constellation Brands

In related news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,414 shares of company stock worth $3,982,922. Insiders own 12.19% of the company’s stock.

Constellation Brands Company Profile

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.