Constellation Brands, Inc. (NYSE:STZ) Expected to Announce Earnings of $2.82 Per Share

Wall Street analysts predict that Constellation Brands, Inc. (NYSE:STZ) will post $2.82 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Constellation Brands’ earnings. The lowest EPS estimate is $2.75 and the highest is $2.90. Constellation Brands posted earnings per share of $3.09 in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.7%. The business is scheduled to issue its next earnings results on Thursday, January 6th.

On average, analysts expect that Constellation Brands will report full-year earnings of $10.00 per share for the current year, with EPS estimates ranging from $9.80 to $10.27. For the next financial year, analysts expect that the business will post earnings of $11.85 per share, with EPS estimates ranging from $11.34 to $12.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Constellation Brands.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Tuesday, October 5th. The company reported $2.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.78 by ($0.40). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Constellation Brands had a return on equity of 14.51% and a net margin of 7.96%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $2.76 earnings per share.

A number of analysts have issued reports on STZ shares. Barclays cut their price target on shares of Constellation Brands from $260.00 to $257.00 and set an “overweight” rating on the stock in a research note on Friday, October 8th. Truist cut their price target on shares of Constellation Brands from $240.00 to $213.00 and set a “hold” rating on the stock in a research note on Monday, October 4th. UBS Group boosted their price target on shares of Constellation Brands from $264.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 7th. Citigroup lowered their price objective on Constellation Brands from $257.00 to $239.00 and set a “neutral” rating for the company in a research report on Thursday, October 7th. Finally, MKM Partners reissued a “hold” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Thursday, October 7th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $258.25.

Several hedge funds have recently bought and sold shares of the company. Cadence Bank NA raised its stake in shares of Constellation Brands by 1.0% during the second quarter. Cadence Bank NA now owns 4,647 shares of the company’s stock worth $1,087,000 after purchasing an additional 48 shares during the last quarter. Horizon Investments LLC raised its stake in shares of Constellation Brands by 4.5% during the third quarter. Horizon Investments LLC now owns 1,125 shares of the company’s stock worth $236,000 after purchasing an additional 48 shares during the last quarter. We Are One Seven LLC raised its stake in shares of Constellation Brands by 2.1% during the second quarter. We Are One Seven LLC now owns 2,469 shares of the company’s stock worth $577,000 after purchasing an additional 50 shares during the last quarter. Lipe & Dalton raised its stake in shares of Constellation Brands by 0.9% during the second quarter. Lipe & Dalton now owns 5,579 shares of the company’s stock worth $1,305,000 after purchasing an additional 50 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Constellation Brands by 5.2% during the first quarter. Coldstream Capital Management Inc. now owns 1,038 shares of the company’s stock worth $237,000 after purchasing an additional 51 shares during the last quarter. 71.66% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:STZ opened at $232.50 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.35 and a quick ratio of 0.73. The firm has a market capitalization of $43.73 billion, a PE ratio of 61.67, a price-to-earnings-growth ratio of 2.99 and a beta of 1.15. The firm’s 50-day moving average is $219.58 and its two-hundred day moving average is $223.49. Constellation Brands has a 1 year low of $202.54 and a 1 year high of $244.75.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, November 5th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 4th. Constellation Brands’s payout ratio is currently 24.67%.

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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Earnings History and Estimates for Constellation Brands (NYSE:STZ)

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