Constellation Brands (NYSE:STZ) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Constellation Brands (NYSE:STZ) issued its quarterly earnings data on Wednesday. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.11, Briefing.com reports. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. Constellation Brands’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $2.91 EPS. Constellation Brands updated its FY 2025 guidance to 13.500-13.800 EPS and its FY25 guidance to $13.50-13.80 EPS.

Constellation Brands Stock Up 0.7 %

STZ traded up $1.79 on Friday, reaching $252.16. 112,944 shares of the company traded hands, compared to its average volume of 1,196,489. The stock’s 50 day moving average price is $254.77 and its 200-day moving average price is $253.97. Constellation Brands has a 52-week low of $227.50 and a 52-week high of $274.87. The company has a market cap of $46.14 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.66 and a beta of 0.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.60%. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating and set a $315.00 price target on shares of Constellation Brands in a research report on Friday. Piper Sandler initiated coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price target on the stock. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a research report on Monday, April 15th. HSBC boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $300.16.

Insider Activity at Constellation Brands

In related news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,031 shares of company stock valued at $12,582,321. Corporate insiders own 12.19% of the company’s stock.

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.