Constellation Brands (NYSE:STZ) Issues Quarterly Earnings Results

Constellation Brands (NYSE:STZ) announced its earnings results on Wednesday. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.30, Bloomberg Earnings reports. Constellation Brands had a net margin of 9.21% and a return on equity of 14.15%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $2.37 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Constellation Brands updated its FY 2020
Pre-Market guidance to 9.45-9.55 EPS and its FY20 guidance to $9.45-9.55 EPS.

Constellation Brands stock opened at $188.38 on Friday. The company’s fifty day simple moving average is $185.83 and its 200-day simple moving average is $194.24. The company has a quick ratio of 1.01, a current ratio of 1.41 and a debt-to-equity ratio of 0.94. Constellation Brands has a 12 month low of $157.14 and a 12 month high of $214.48. The stock has a market cap of $37.10 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.68 and a beta of 0.64.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, February 10th. Constellation Brands’s dividend payout ratio is currently 32.33%.

In other news, EVP Robert Lee Hanson sold 4,056 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $195.00, for a total transaction of $790,920.00. Following the transaction, the executive vice president now directly owns 8,591 shares in the company, valued at approximately $1,675,245. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David Eric Klein sold 36,488 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $195.48, for a total transaction of $7,132,674.24. Following the transaction, the chief financial officer now owns 45,380 shares in the company, valued at $8,870,882.40. The disclosure for this sale can be found here. Insiders own 15.86% of the company’s stock.

Several brokerages have issued reports on STZ. BMO Capital Markets boosted their target price on shares of Constellation Brands from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. Evercore ISI reissued a “buy” rating and set a $235.00 target price on shares of Constellation Brands in a research note on Wednesday, December 4th. Credit Suisse Group boosted their target price on shares of Constellation Brands from $228.00 to $233.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley boosted their target price on shares of Constellation Brands from $208.00 to $211.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $215.00 target price on the stock in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $226.83.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Earnings History for Constellation Brands (NYSE:STZ)

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