Constellation Brands (NYSE:STZ) Issues Earnings Results

Constellation Brands (NYSE:STZ) announced its earnings results on Wednesday. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11, Briefing.com reports. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm earned $2.91 EPS. Constellation Brands’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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 Price Performance

Shares of NYSE STZ traded up $2.88 during mid-day trading on Friday, hitting $253.25. 623,064 shares of the stock traded hands, compared to its average volume of 1,200,474. Constellation Brands has a twelve month low of $227.50 and a twelve month high of $274.87. The firm has a 50 day simple moving average of $254.77 and a two-hundred day simple moving average of $253.97. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The company has a market cap of $46.34 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.60%. Constellation Brands’s dividend payout ratio is currently 43.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on shares of Constellation Brands from $291.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday. Roth Mkm decreased their target price on Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a report on Friday. HSBC raised their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Bank of America increased their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Barclays reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $300.16.

Insider Buying and Selling

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction dated 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 approximately $3,844,638. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the transaction, the chief executive officer now owns 14,700 shares in the company, valued at approximately $3,844,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction 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 sale, the executive vice president now owns 1,731 shares of the company’s stock, 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 worth $12,582,321 in the last ninety days. Company insiders own 12.19% of the company’s stock.

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.