Constellation Brands (NYSE:STZ) Updates FY25 Earnings Guidance

Constellation Brands (NYSE:STZ) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $13.60-13.80 for the period, compared to the consensus EPS estimate of $13.71. The company issued revenue guidance of $10.36-10.56 billion, compared to the consensus revenue estimate of $10.46 billion.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $246.67 on Friday. The business’s 50 day moving average is $246.53 and its two-hundred day moving average is $253.50. The company has a market cap of $45.13 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.74 and a beta of 1.75. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands has a 12 month low of $227.50 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.21. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.70 EPS. On average, equities analysts expect that Constellation Brands will post 13.53 EPS for the current year.

Constellation Brands Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on STZ. BMO Capital Markets restated an outperform rating and issued a $315.00 price objective on shares of Constellation Brands in a report on Friday, July 5th. Morgan Stanley reduced their price target on Constellation Brands from $305.00 to $280.00 and set an overweight rating on the stock in a research report on Monday, August 26th. Roth Mkm reaffirmed a buy rating and set a $298.00 price objective on shares of Constellation Brands in a research note on Friday. Royal Bank of Canada reissued an outperform rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Friday. Finally, Barclays boosted their target price on Constellation Brands from $295.00 to $309.00 and gave the stock an overweight rating in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $295.75.

Insider Buying and Selling

In other news, 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 transaction of $3,259,920.00. Following the transaction, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction on 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 directly owns 11,702 shares in the company, valued at $2,808,480. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 16,414 shares of company stock worth $3,982,922. Insiders own 12.19% of the company’s stock.

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.