$2.63 EPS Expected for Constellation Brands, Inc. (NYSE:STZ) This Quarter

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Equities research analysts expect Constellation Brands, Inc. (NYSE:STZ) to report earnings of $2.63 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Constellation Brands’ earnings, with estimates ranging from $2.54 to $2.74. Constellation Brands reported earnings per share of $2.87 during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.4%. The company is scheduled to report its next earnings results on Thursday, October 3rd.

According to Zacks, analysts expect that Constellation Brands will report full year earnings of $8.36 per share for the current year, with EPS estimates ranging from $8.24 to $8.52. For the next year, analysts anticipate that the business will post earnings of $9.26 per share, with EPS estimates ranging from $8.13 to $9.87. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Constellation Brands.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, June 28th. The company reported $2.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.15. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Constellation Brands had a net margin of 27.38% and a return on equity of 14.98%. Constellation Brands’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.20 earnings per share.

Several analysts have issued reports on STZ shares. UBS Group upped their target price on Constellation Brands from $195.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Citigroup set a $210.00 target price on Constellation Brands and gave the stock a “hold” rating in a research note on Monday, July 1st. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Morgan Stanley upped their target price on Constellation Brands from $207.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 2nd. Finally, Evercore ISI set a $220.00 target price on Constellation Brands and gave the stock a “buy” rating in a research note on Friday, August 9th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $223.73.

In other Constellation Brands news, CMO James A. Jr. Sabia sold 4,275 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $194.70, for a total value of $832,342.50. Following the completion of the transaction, the chief marketing officer now owns 43,494 shares in the company, valued at $8,468,281.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the transaction, the director now owns 27,630 shares of the company’s stock, valued at approximately $5,452,780.50. The disclosure for this sale can be found here. Company insiders own 15.86% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in shares of Constellation Brands by 210.9% during the first quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after acquiring an additional 97 shares in the last quarter. Mosaic Family Wealth LLC bought a new position in shares of Constellation Brands during the first quarter valued at $27,000. Bay Harbor Wealth Management LLC bought a new position in shares of Constellation Brands during the first quarter valued at $33,000. Meeder Asset Management Inc. increased its holdings in shares of Constellation Brands by 2,750.0% during the second quarter. Meeder Asset Management Inc. now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 165 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in shares of Constellation Brands by 265.3% during the second quarter. Gradient Investments LLC now owns 179 shares of the company’s stock valued at $35,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 71.37% of the company’s stock.

STZ traded up $4.39 during midday trading on Tuesday, hitting $198.79. The stock had a trading volume of 955,600 shares, compared to its average volume of 973,876. The company has a market cap of $37.24 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The business has a fifty day moving average of $197.45 and a 200 day moving average of $188.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.22. Constellation Brands has a 1 year low of $150.37 and a 1 year high of $228.91.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, August 12th. Constellation Brands’s payout ratio is 32.33%.

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 Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Earnings History and Estimates for Constellation Brands (NYSE:STZ)

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