Equities research analysts predict that Constellation Brands Inc (NYSE:STZ) will announce $1.88 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Constellation Brands’ earnings. The lowest EPS estimate is $1.84 and the highest is $1.90. Constellation Brands reported earnings per share of $1.96 during the same quarter last year, which indicates a negative year over year growth rate of 4.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, January 4th.
On average, analysts expect that Constellation Brands will report full-year earnings of $8.43 per share for the current financial year, with EPS estimates ranging from $8.34 to $8.50. For the next financial year, analysts forecast that the business will post earnings of $9.28 per share, with EPS estimates ranging from $9.10 to $9.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Constellation Brands.
Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year.
Several research firms recently commented on STZ. UBS AG boosted their price target on Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research report on Friday, June 30th. J P Morgan Chase & Co reissued an “overweight” rating and set a $220.00 price target (up from $188.00) on shares of Constellation Brands in a research report on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $220.00 price target (up from $205.00) on shares of Constellation Brands in a research report on Friday, June 30th. Argus boosted their price target on Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 5th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $216.00 price target (up from $215.00) on shares of Constellation Brands in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $216.00.
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In related news, Director Barry A. Fromberg sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total transaction of $520,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas J. Mullin sold 54,834 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value of $10,665,213.00. Following the transaction, the vice president now owns 86,005 shares of the company’s stock, valued at $16,727,972.50. The disclosure for this sale can be found here. Insiders sold a total of 122,786 shares of company stock valued at $24,740,206 over the last quarter. Company insiders own 15.59% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in Constellation Brands by 0.9% during the 2nd quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock worth $2,268,295,000 after buying an additional 103,312 shares during the last quarter. Vanguard Group Inc. grew its stake in Constellation Brands by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock worth $2,184,613,000 after buying an additional 350,346 shares during the last quarter. State Street Corp grew its stake in Constellation Brands by 0.5% during the 1st quarter. State Street Corp now owns 7,391,582 shares of the company’s stock worth $1,197,945,000 after buying an additional 39,246 shares during the last quarter. Egerton Capital UK LLP grew its stake in Constellation Brands by 9.3% during the 2nd quarter. Egerton Capital UK LLP now owns 2,717,567 shares of the company’s stock worth $526,474,000 after buying an additional 231,984 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Constellation Brands by 87.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock worth $325,751,000 after buying an additional 786,726 shares during the last quarter. Hedge funds and other institutional investors own 74.90% of the company’s stock.
Constellation Brands (NYSE STZ) traded down 0.34% during mid-day trading on Wednesday, hitting $211.25. 1,191,456 shares of the company were exchanged. Constellation Brands has a 12 month low of $144.00 and a 12 month high of $214.53. The stock has a market cap of $41.32 billion, a price-to-earnings ratio of 24.27 and a beta of 0.04. The firm has a 50 day moving average price of $204.50 and a 200 day moving average price of $190.27.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Tuesday, November 7th will be issued a $0.52 dividend. The ex-dividend date is Monday, November 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.98%. Constellation Brands’s dividend payout ratio (DPR) is 23.85%.
About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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