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%.
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.
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