Constellation Brands (NYSE:STZ) Issues FY25 Earnings Guidance

Constellation Brands (NYSE:STZ) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $13.60-13.80 for the period, compared to the consensus earnings per share estimate of $13.71. The company issued revenue guidance of $10.36-10.56 billion, compared to the consensus revenue estimate of $10.46 billion.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $246.67 on Friday. The stock’s fifty day simple moving average is $246.53 and its 200 day simple moving average is $253.39. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $45.13 billion, a PE ratio of 18.38, a PEG ratio of 1.74 and a beta of 1.75. Constellation Brands has a 12 month low of $227.50 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm posted $3.70 earnings per share. Constellation Brands’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts predict that Constellation Brands will post 13.53 EPS for the current year.

Constellation Brands Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI cut their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an outperform rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut their price target on Constellation Brands from $307.00 to $293.00 and set an overweight rating on the stock in a report on Friday. BMO Capital Markets reaffirmed an outperform rating and set a $315.00 price objective on shares of Constellation Brands in a research report on Friday, July 5th. Jefferies Financial Group lifted their target price on Constellation Brands from $310.00 to $311.00 and gave the company a buy rating in a research report on Friday, July 5th. Finally, Roth Mkm reaffirmed a buy rating and set a $298.00 price target on shares of Constellation Brands in a research report on Friday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $295.75.

Insider Activity

In other news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction dated 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 directly owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction 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 sale, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of Constellation Brands 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 transaction, the director now directly owns 3,232 shares of the company’s stock, valued at approximately $815,853.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,414 shares of company stock valued at $3,982,922 in the last quarter. Company insiders own 12.19% of the company’s stock.

About Constellation Brands

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.