$2.09 EPS Expected for Constellation Brands, Inc. (STZ) This Quarter

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 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $1.90 EPS. The business’s revenue was up 2.0% compared to the same quarter last year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $267.00 to $275.00 and gave the stock a “top pick” rating in a research report on Monday, April 22nd. Barclays set a $226.00 price objective on shares of Constellation Brands and gave the stock a “buy” rating in a research report on Friday, April 5th. Macquarie set a $183.00 price objective on shares of Constellation Brands and gave the stock a “hold” rating in a research report on Friday, April 5th. Finally, Credit Suisse Group set a $230.00 price objective on shares of Constellation Brands and gave the stock a “buy” rating in a research report on Friday, April 5th. Eleven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $223.13.

In other news, EVP David Eric Klein sold 25,980 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $198.66, for a total transaction of $5,161,186.80. Following the completion of the sale, the executive vice president now owns 69,852 shares of the company’s stock, valued at $13,876,798.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas Michael Kane sold 3,071 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $190.08, for a total transaction of $583,735.68. The disclosure for this sale can be found here. 15.80% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in STZ. Jackson Square Partners LLC purchased a new stake in shares of Constellation Brands during the first quarter worth $395,015,000. BlackRock Inc. grew its holdings in shares of Constellation Brands by 14.7% during the first quarter. BlackRock Inc. now owns 13,545,436 shares of the company’s stock worth $2,374,922,000 after buying an additional 1,734,902 shares in the last quarter. Norges Bank purchased a new stake in shares of Constellation Brands during the fourth quarter worth $237,135,000. Jennison Associates LLC grew its holdings in shares of Constellation Brands by 185.9% during the first quarter. Jennison Associates LLC now owns 1,237,096 shares of the company’s stock worth $216,900,000 after buying an additional 804,429 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Constellation Brands by 53.3% during the first quarter. Janus Henderson Group PLC now owns 2,120,744 shares of the company’s stock worth $371,831,000 after buying an additional 737,613 shares in the last quarter. 74.05% of the stock is owned by institutional investors and hedge funds.

STZ opened at $206.80 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92. Constellation Brands has a 1 year low of $150.37 and a 1 year high of $234.26. The firm has a market capitalization of $39.22 billion, a P/E ratio of 22.28, a PEG ratio of 2.81 and a beta of 0.54.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.75 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.74. The ex-dividend date is Thursday, May 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. Constellation Brands’s dividend payout ratio is presently 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.

Further Reading: Calculating net profit and net profit margin ratio

Get a free copy of the Zacks research report on Constellation Brands (STZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.