Constellation Brands (NYSE:STZ) Issues Quarterly Earnings Results

Constellation Brands (NYSE:STZ) released its quarterly earnings results on Wednesday. The company reported $3.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.68, MarketWatch Earnings reports. Constellation Brands had a return on equity of 15.08% and a net margin of 12.35%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year.

Shares of Constellation Brands stock traded up $1.34 during trading on Friday, hitting $230.21. The stock had a trading volume of 1,593,486 shares, compared to its average volume of 1,745,037. Constellation Brands has a 1 year low of $104.28 and a 1 year high of $240.76. The stock has a 50 day simple moving average of $211.40 and a 200 day simple moving average of $189.72. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $44.61 billion, a PE ratio of 40.80, a P/E/G ratio of 3.26 and a beta of 0.94.

Several equities research analysts recently weighed in on STZ shares. Barclays reaffirmed a “buy” rating on shares of Constellation Brands in a report on Sunday, October 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $208.00 to $219.00 and gave the stock a “hold” rating in a research note on Friday. TheStreet upgraded shares of Constellation Brands from a “c” rating to a “b” rating in a research note on Thursday, October 1st. Smith Barney Citigroup boosted their target price on Constellation Brands from $220.00 to $244.00 in a report on Friday. Finally, Cowen increased their price target on Constellation Brands from $240.00 to $275.00 in a research note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $219.38.

In related news, Director Judy Schmeling sold 5,662 shares of the company’s stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $205.51, for a total value of $1,163,597.62. Following the completion of the sale, the director now owns 9,938 shares in the company, valued at approximately $2,042,358.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 15.77% of the stock is owned by insiders.

Constellation Brands Company Profile

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

Further Reading: Diversification in Investing

Earnings History for Constellation Brands (NYSE:STZ)

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