Constellation Brands (STZ) to Release Quarterly Earnings on Thursday

Constellation Brands (NYSE:STZ) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 3rd. Analysts expect the company to announce earnings of $4.12 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the company earned $2.91 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts expect Constellation Brands to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Constellation Brands Stock Down 0.0 %

STZ opened at $257.62 on Wednesday. The firm’s fifty day moving average is $246.61 and its 200 day moving average is $253.69. Constellation Brands has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The stock has a market cap of $47.14 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.74 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STZ shares. UBS Group cut their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Morgan Stanley cut their target price on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Roth Mkm lowered their target price on shares of Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Truist Financial reaffirmed a “hold” rating and issued a $265.00 target price on shares of Constellation Brands in a report on Wednesday, July 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $315.00 target price on shares of Constellation Brands in a research report on Friday, July 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus target price of $297.12.

Insider Activity

In related news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the sale, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. The disclosure for this sale can be found here. Insiders have sold 16,414 shares of company stock worth $3,982,922 in the last 90 days. Company 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.