Constellation Brands (NYSE:STZ) Announces Earnings Results

Constellation Brands (NYSE:STZ) issued its quarterly earnings data on Friday. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08), RTT News reports. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Constellation Brands updated its FY25 guidance to $13.40-13.80 EPS.

Constellation Brands Trading Up 0.3 %

NYSE:STZ opened at $219.17 on Friday. Constellation Brands has a 1-year low of $217.47 and a 1-year high of $274.87. The firm has a market capitalization of $39.79 billion, a price-to-earnings ratio of 70.93, a PEG ratio of 1.69 and a beta of 1.75. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The business’s 50-day moving average price is $232.90 and its two-hundred day moving average price is $242.14.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.84%. Constellation Brands’s dividend payout ratio is currently 130.74%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday. Bank of America reissued a “neutral” rating and set a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday. BNP Paribas started coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective on the stock. Finally, BMO Capital Markets dropped their target price on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $284.75.

Insiders Place Their Bets

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the sale, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at $3,898,045.58. The trade was a 69.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the transaction, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. This trade represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,956 shares of company stock worth $46,058,091 over the last ninety days. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Company Profile

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.