Constellation Brands (NYSE:STZ) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Constellation Brands (NYSE:STZ) announced its earnings results on Thursday. The company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.24, Briefing.com reports. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.70 EPS. Constellation Brands updated its FY25 guidance to $13.60-13.80 EPS.

Constellation Brands Trading Up 1.2 %

Shares of Constellation Brands stock opened at $246.67 on Friday. Constellation Brands has a 12-month low of $227.50 and a 12-month high of $274.87. The stock has a market capitalization of $45.13 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.74 and a beta of 1.75. The company has a 50-day simple moving average of $246.53 and a 200 day simple moving average of $253.39. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a $1.01 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.64%. Constellation Brands’s dividend payout ratio is presently 30.10%.

Insiders Place Their Bets

In other news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares in the company, valued at approximately $706,266. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at approximately $706,266. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,414 shares of company stock valued at $3,982,922. 12.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

STZ has been the topic of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $315.00 price objective on shares of Constellation Brands in a research note on Friday, July 5th. UBS Group decreased their price target on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research report on Monday, September 9th. Barclays upped their price objective on shares of Constellation Brands from $295.00 to $309.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Evercore ISI decreased their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Morgan Stanley cut their price target on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.75.

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.