Constellation Brands (NYSE:STZ) Releases FY22 Earnings Guidance

Constellation Brands (NYSE:STZ) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.95-10.25 for the period, compared to the Thomson Reuters consensus estimate of $10.40. Constellation Brands also updated its FY 2022
Pre-Market guidance to 9.95-10.25 EPS.

Shares of STZ stock opened at $234.94 on Thursday. The company has a market cap of $45.56 billion, a P/E ratio of 22.88, a PEG ratio of 3.15 and a beta of 1.12. The stock has a 50 day simple moving average of $226.59 and a two-hundred day simple moving average of $210.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.69. Constellation Brands has a fifty-two week low of $149.01 and a fifty-two week high of $242.62.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, January 6th. The company reported $3.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.68. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $1.91 billion. Constellation Brands had a return on equity of 16.09% and a net margin of 21.63%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share. On average, research analysts predict that Constellation Brands will post 9.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 23rd. Shareholders of record on Tuesday, February 9th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, February 8th. This represents a $3.00 dividend on an annualized basis and a yield of 1.28%. Constellation Brands’s dividend payout ratio (DPR) is presently 10.20%.

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Constellation Brands from $219.00 to $223.00 and gave the company a hold rating in a research report on Wednesday, March 31st. Truist lowered Constellation Brands from a buy rating to a hold rating and set a $240.00 price target on the stock. in a report on Tuesday, February 16th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Constellation Brands from $220.00 to $244.00 in a report on Friday, January 8th. Cowen lifted their price target on Constellation Brands from $240.00 to $275.00 in a report on Friday, January 8th. Finally, Wells Fargo & Company boosted their target price on Constellation Brands from $250.00 to $265.00 and gave the company an overweight rating in a research note on Friday, January 8th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Constellation Brands presently has a consensus rating of Buy and a consensus target price of $237.30.

In other news, EVP Robert Lee Hanson sold 6,101 shares of the company’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $228.78, for a total value of $1,395,786.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.77% of the stock is currently owned by corporate insiders.

Constellation Brands Company Profile

Constellation Brands, Inc engages in the production, marketing and distribution of beer, wine and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine and dessert wine-and across all price points.

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

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