Constellation Brands (NYSE:STZ) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Constellation Brands (NYSE:STZ) released its quarterly earnings results on Wednesday. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11, Briefing.com reports. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company earned $2.91 EPS. Constellation Brands’s revenue for the quarter was up 5.8% on a year-over-year basis. Constellation Brands updated its FY 2025 guidance to 13.500-13.800 EPS and its FY25 guidance to $13.50-13.80 EPS.

Constellation Brands Trading Up 2.5 %

Shares of NYSE:STZ opened at $265.30 on Wednesday. The firm has a market capitalization of $48.54 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.71 and a beta of 0.87. The business’s 50-day moving average is $255.27 and its 200 day moving average is $253.86. Constellation Brands has a 1 year low of $227.50 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.52%. Constellation Brands’s payout ratio is 43.07%.

Insider Buying and Selling

In other news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at $3,844,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction on Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now owns 14,700 shares in the company, valued at $3,844,638. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the transaction, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. Insiders have sold a total of 48,031 shares of company stock valued at $12,582,321 over the last ninety days. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STZ shares. Barclays reduced their price target on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. HSBC raised their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Evercore ISI upped their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a report on Wednesday, April 10th. Finally, Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective for the company in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.37.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.