Constellation Brands (NYSE:STZ) Posts Earnings Results, Beats Expectations By $0.21 EPS

Constellation Brands (NYSE:STZ) posted its quarterly earnings data on Thursday. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.21, Briefing.com reports. The company had revenue of $2.92 billion during 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 firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.70 earnings per share. Constellation Brands updated its FY25 guidance to $13.60-13.80 EPS.

Constellation Brands Trading Up 1.2 %

NYSE STZ opened at $246.67 on Friday. The firm 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 has a 1-year low of $227.50 and a 1-year high of $274.87. The stock has a 50-day moving average of $246.53 and a 200-day moving average of $253.50. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06.

Constellation Brands Dividend Announcement

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

Insider Buying and Selling

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,414 shares of company stock worth $3,982,922 in the last ninety days. 12.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, July 5th. UBS Group dropped their target price on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, September 9th. BMO Capital Markets reissued an “outperform” rating and issued a $315.00 price target on shares of Constellation Brands in a report on Friday, July 5th. Barclays raised their price objective on shares of Constellation Brands from $295.00 to $309.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley cut their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $295.75.

About Constellation Brands

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.