Constellation Brands (NYSE:STZ) posted its quarterly earnings results on Wednesday. The company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.41 by $0.68, MarketWatch Earnings reports. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Constellation Brands had a return on equity of 15.08% and a net margin of 12.35%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned $2.14 EPS.
Shares of NYSE STZ traded up $1.34 during trading on Friday, reaching $230.21. The company had a trading volume of 1,594,978 shares, compared to its average volume of 1,745,336. Constellation Brands has a twelve month low of $104.28 and a twelve month high of $240.76. The stock has a market capitalization of $44.61 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 3.26 and a beta of 0.94. The stock has a 50-day moving average price of $211.40 and a two-hundred day moving average price of $189.72. The company has a current ratio of 1.85, a quick ratio of 1.16 and a debt-to-equity ratio of 0.92.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 23rd. Stockholders of record on Tuesday, February 9th will be issued a $0.75 dividend. The ex-dividend date is Monday, February 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.30%. Constellation Brands’s dividend payout ratio (DPR) is 10.20%.
In other news, Director Judy Schmeling sold 5,662 shares of Constellation Brands stock in a transaction on Monday, November 30th. The stock was 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 of the company’s stock, valued at $2,042,358.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 15.77% of the company’s stock.
Several research firms have recently commented on STZ. Argus raised their price target on Constellation Brands from $230.00 to $272.00 and gave the company a “buy” rating in a report on Friday. Atlantic Securities cut Constellation Brands from an “overweight” rating to a “neutral” rating and set a $196.00 price target for the company. in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised their price target on Constellation Brands from $208.00 to $219.00 and gave the company a “hold” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Constellation Brands from $218.00 to $248.00 and gave the stock an “overweight” rating in a report on Monday, December 28th. Finally, Barclays reaffirmed a “buy” rating on shares of Constellation Brands in a report on Sunday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and a consensus target price of $219.38.
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.
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