Constellation Brands, Inc. (NYSE:STZ) Expected to Post Earnings of $2.54 Per Share

Wall Street brokerages forecast that Constellation Brands, Inc. (NYSE:STZGet Rating) will announce $2.54 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Constellation Brands’ earnings, with the highest EPS estimate coming in at $2.66 and the lowest estimate coming in at $2.38. Constellation Brands reported earnings of $2.33 per share during the same quarter last year, which suggests a positive year over year growth rate of 9%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Constellation Brands will report full-year earnings of $11.27 per share for the current fiscal year, with EPS estimates ranging from $10.85 to $11.57. For the next financial year, analysts forecast that the business will post earnings of $13.05 per share, with EPS estimates ranging from $12.40 to $13.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Constellation Brands.

Constellation Brands (NYSE:STZGet Rating) last issued its quarterly earnings results on Thursday, April 7th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.27. Constellation Brands had a negative net margin of 0.42% and a positive return on equity of 16.43%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business posted $1.82 EPS. Constellation Brands’s revenue for the quarter was up 7.1% compared to the same quarter last year.

Several research firms have recently commented on STZ. Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $240.00 price objective on the stock in a report on Monday, March 21st. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $300.00 to $275.00 and set an “overweight” rating on the stock in a report on Wednesday, February 16th. Barclays increased their price target on shares of Constellation Brands from $271.00 to $277.00 and gave the stock an “overweight” rating in a report on Monday, January 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Constellation Brands from $240.00 to $250.00 and gave the stock a “hold” rating in a report on Friday. Finally, TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Thursday, March 17th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $271.42.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors raised its position in shares of Constellation Brands by 28.7% in the fourth quarter. Capital World Investors now owns 8,810,424 shares of the company’s stock valued at $2,211,152,000 after buying an additional 1,967,115 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Constellation Brands by 48.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,885,267 shares of the company’s stock valued at $724,116,000 after buying an additional 943,872 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Constellation Brands by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,551,818 shares of the company’s stock valued at $638,398,000 after buying an additional 9,302 shares during the last quarter. Invesco Ltd. increased its position in Constellation Brands by 3.3% during the third quarter. Invesco Ltd. now owns 2,361,926 shares of the company’s stock worth $497,636,000 after purchasing an additional 74,833 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Constellation Brands by 9.4% during the third quarter. Janus Henderson Group PLC now owns 2,195,652 shares of the company’s stock worth $462,603,000 after purchasing an additional 188,410 shares during the last quarter. Institutional investors and hedge funds own 68.82% of the company’s stock.

Shares of Constellation Brands stock opened at $247.51 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 0.79. Constellation Brands has a 12-month low of $207.35 and a 12-month high of $258.00. The firm has a market capitalization of $46.97 billion, a price-to-earnings ratio of -1,375.06, a PEG ratio of 2.44 and a beta of 1.20. The firm’s 50 day simple moving average is $225.96 and its two-hundred day simple moving average is $229.39.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Thursday, May 5th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, May 4th. Constellation Brands’s dividend payout ratio is -516.67%.

Constellation Brands Company Profile (Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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

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