Constellation Brands (NYSE:STZ) Releases Quarterly Earnings Results, Misses Expectations By $0.39 EPS

Constellation Brands (NYSE:STZ) posted its quarterly earnings results on Tuesday. The company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.39), MarketWatch Earnings reports. Constellation Brands had a net margin of 13.47% and a return on equity of 14.99%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm earned $2.76 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis.

Shares of STZ opened at $211.62 on Thursday. The stock has a market capitalization of $40.65 billion, a P/E ratio of 33.17, a PEG ratio of 3.52 and a beta of 1.19. The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $214.62 and a two-hundred day simple moving average of $226.42. Constellation Brands has a twelve month low of $160.63 and a twelve month high of $244.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 19th. Shareholders of record on Friday, November 5th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.44%. Constellation Brands’s payout ratio is currently 9.33%.

STZ has been the topic of a number of analyst reports. TheStreet lowered shares of Constellation Brands from a “b-” rating to a “c+” rating in a report on Tuesday, July 13th. Truist decreased their target price on shares of Constellation Brands from $240.00 to $213.00 and set a “hold” rating on the stock in a report on Monday. Truist Securities decreased their target price on shares of Constellation Brands from $240.00 to $213.00 and set a “hold” rating on the stock in a report on Monday. Credit Suisse Group upped their target price on shares of Constellation Brands from $275.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets increased their price target on shares of Constellation Brands from $223.00 to $242.00 and gave the stock a “hold” rating in a report on Thursday, July 1st. Ten research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $255.04.

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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Earnings History for Constellation Brands (NYSE:STZ)

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