Constellation Brands (NYSE:STZ) Posts Earnings Results, Beats Expectations By $0.68 EPS

Constellation Brands (NYSE:STZ) released its earnings results on Wednesday. The company reported $3.09 EPS for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.68, MarketWatch Earnings reports. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Constellation Brands had a return on equity of 15.08% and a net margin of 12.35%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS.

Shares of STZ traded up $1.35 during mid-day trading on Friday, hitting $230.22. 99,989 shares of the company’s stock were exchanged, compared to its average volume of 1,779,980. Constellation Brands has a fifty-two week low of $104.28 and a fifty-two week high of $240.76. The firm has a market capitalization of $44.62 billion, a P/E ratio of 40.80, a P/E/G ratio of 3.26 and a beta of 0.94. The business’s 50 day moving average is $211.40 and its two-hundred day moving average is $189.72. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.92.

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In related news, Director Judy Schmeling sold 5,662 shares of the firm’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $205.51, for a total value of $1,163,597.62. Following the completion of the sale, the director now owns 9,938 shares in the company, valued at $2,042,358.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.77% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on STZ shares. TheStreet upgraded Constellation Brands from a “c” rating to a “b” rating in a research note on Thursday, October 1st. UBS Group lifted their price objective on Constellation Brands from $238.00 to $256.00 and gave the stock a “buy” rating in a report on Friday. MKM Partners raised Constellation Brands from a “sell” rating to a “neutral” rating and boosted their price target for the company from $154.00 to $210.00 in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Constellation Brands from $208.00 to $219.00 and gave the company a “hold” rating in a report on Friday. Finally, Atlantic Securities downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and set a $196.00 price objective on the stock. in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $219.38.

About Constellation Brands

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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