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.
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.
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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