Constellation Brands (NYSE:STZ) Announces Earnings Results, Misses Estimates By $0.40 EPS

Constellation Brands (NYSE:STZ) posted its quarterly earnings results on Tuesday. The company reported $2.38 EPS for the quarter, missing the Zacks’ consensus estimate of $2.78 by ($0.40), MarketWatch Earnings reports. Constellation Brands had a return on equity of 14.99% and a net margin of 13.47%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business posted $2.76 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.

Shares of STZ traded up $5.85 during trading hours on Thursday, hitting $217.47. 61,174 shares of the company were exchanged, compared to its average volume of 1,113,552. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.61 and a quick ratio of 0.94. The company has a market capitalization of $41.77 billion, a PE ratio of 33.82, a PEG ratio of 3.52 and a beta of 1.19. The firm has a fifty day simple moving average of $214.62 and a 200-day simple moving average of $226.42. Constellation Brands has a one year low of $160.63 and a one year high of $244.75.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 19th. Shareholders of record on Friday, November 5th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. Constellation Brands’s dividend payout ratio is currently 9.33%.

STZ has been the topic of several research analyst reports. Evercore ISI restated a “buy” rating and set a $275.00 price objective on shares of Constellation Brands in a research note on Wednesday, September 22nd. Citigroup decreased their target price on Constellation Brands from $257.00 to $239.00 and set a “neutral” rating for the company in a research note on Thursday. Jefferies Financial Group boosted their price objective on Constellation Brands from $295.00 to $298.00 and gave the company a “buy” rating in a research report on Monday, June 28th. Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $242.00 to $234.00 and set a “hold” rating on the stock in a research report on Monday, September 27th. Finally, Morgan Stanley reduced their price target on shares of Constellation Brands from $266.00 to $254.00 and set an “overweight” rating for the company in a report on Thursday. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $255.63.

About Constellation Brands

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.

Featured Article: Determine Your Level of Risk Tolerance

Earnings History for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.