Brokerages Expect Constellation Brands, Inc. (STZ) Will Post Earnings of $2.09 Per Share

Wall Street brokerages expect Constellation Brands, Inc. (NYSE:STZ) to announce earnings per share of $2.09 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Constellation Brands’ earnings, with the highest EPS estimate coming in at $2.19 and the lowest estimate coming in at $2.00. Constellation Brands posted earnings of $2.20 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5%. The firm is scheduled to issue its next earnings report on Friday, July 5th.

On average, analysts expect that Constellation Brands will report full-year earnings of $8.51 per share for the current fiscal year, with EPS estimates ranging from $8.29 to $8.79. For the next financial year, analysts anticipate that the business will post earnings of $9.69 per share, with EPS estimates ranging from $9.34 to $9.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Constellation Brands.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 4th. The company reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.12. Constellation Brands had a net margin of 38.67% and a return on equity of 15.63%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the firm earned $1.90 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year.

Several research firms have commented on STZ. Morgan Stanley raised shares of Constellation Brands to a “hold” rating in a research report on Friday, April 5th. Barclays set a $226.00 target price on shares of Constellation Brands and gave the stock a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Cowen reissued a “top pick” rating on shares of Constellation Brands in a research report on Thursday, January 10th. Finally, Citigroup dropped their target price on shares of Constellation Brands to $168.00 and set a “neutral” rating on the stock in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $222.42.

In related news, Director Barry A. Fromberg sold 1,500 shares of Constellation Brands stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $174.72, for a total value of $262,080.00. Following the completion of the transaction, the director now directly owns 18,240 shares in the company, valued at approximately $3,186,892.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry A. Fromberg sold 810 shares of Constellation Brands stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $173.05, for a total transaction of $140,170.50. Following the completion of the transaction, the director now owns 20,550 shares of the company’s stock, valued at $3,556,177.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,381 shares of company stock valued at $985,986. 15.80% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Truewealth LLC grew its stake in Constellation Brands by 467.9% in the 4th quarter. Truewealth LLC now owns 159 shares of the company’s stock valued at $26,000 after buying an additional 131 shares in the last quarter. City Holding Co. purchased a new position in Constellation Brands in the 4th quarter valued at approximately $31,000. Ledyard National Bank purchased a new position in Constellation Brands in the 4th quarter valued at approximately $31,000. We Are One Seven LLC purchased a new position in Constellation Brands in the 4th quarter valued at approximately $32,000. Finally, Quantamental Technologies LLC purchased a new position in Constellation Brands in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 73.17% of the company’s stock.

Shares of Constellation Brands stock traded up $7.22 during mid-day trading on Friday, hitting $198.80. 2,881,485 shares of the stock were exchanged, compared to its average volume of 2,308,575. Constellation Brands has a 12 month low of $150.37 and a 12 month high of $236.62. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92. The stock has a market cap of $37.75 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.72 and a beta of 0.45.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.74. Constellation Brands’s dividend payout ratio (DPR) is presently 31.90%.

About Constellation Brands

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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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