Constellation Brands (NYSE:STZ) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 9.950-10.250 for the period, compared to the Thomson Reuters consensus estimate of $10.440. The company issued revenue guidance of -.
Shares of NYSE STZ traded down $3.02 during midday trading on Tuesday, reaching $240.00. 860,533 shares of the company traded hands, compared to its average volume of 1,160,830. The firm has a market cap of $46.57 billion, a PE ratio of 23.66, a PEG ratio of 3.15 and a beta of 1.12. The stock’s 50-day simple moving average is $233.73 and its 200-day simple moving average is $216.70. Constellation Brands has a 12 month low of $151.53 and a 12 month high of $244.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.69.
Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 7th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.27. Constellation Brands had a return on equity of 16.09% and a net margin of 21.63%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the business posted $2.18 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that Constellation Brands will post 9.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 18th. Investors of record on Tuesday, May 4th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, May 3rd. Constellation Brands’s payout ratio is currently 10.20%.
A number of research analysts recently issued reports on the company. Zacks Investment Research cut Constellation Brands from a buy rating to a hold rating and set a $242.00 price target for the company. in a report on Monday, January 11th. Truist downgraded shares of Constellation Brands from a buy rating to a hold rating and set a $240.00 target price on the stock. in a research report on Tuesday, February 16th. UBS Group upped their target price on shares of Constellation Brands from $238.00 to $256.00 and gave the company a buy rating in a research report on Friday, January 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellation Brands from $219.00 to $223.00 and gave the company a hold rating in a research report on Wednesday, March 31st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Constellation Brands from $220.00 to $244.00 in a research report on Friday, January 8th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $238.90.
In related news, Director Jeremy S. G. Fowden sold 6,517 shares of the firm’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $241.90, for a total transaction of $1,576,462.30. Following the sale, the director now directly owns 24,451 shares in the company, valued at $5,914,696.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William A. Newlands sold 27,327 shares of the firm’s stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $239.19, for a total transaction of $6,536,345.13. The disclosure for this sale can be found here. Company insiders own 15.77% of the company’s stock.
Constellation Brands Company Profile
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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