Constellation Brands (STZ) to Announce Quarterly Earnings on Wednesday

Constellation Brands (NYSE:STZ) will likely be issuing its quarterly earnings data after the market closes on Wednesday, April 9th. Analysts expect the company to announce earnings of $2.36 per share and revenue of $2.14 billion for the quarter. Constellation Brands has set its FY25 guidance at $13.40-13.80 EPS and its FY 2025 guidance at 13.400-13.800 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the firm posted $3.19 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. On average, analysts expect Constellation Brands to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $173.79 on Monday. The business has a fifty day moving average price of $177.14 and a 200-day moving average price of $212.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market capitalization of $31.41 billion, a PE ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands has a 1-year low of $160.46 and a 1-year high of $274.87.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Constellation Brands

A hedge fund recently raised its stake in Constellation Brands stock. Brighton Jones LLC raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,001 shares of the company’s stock after acquiring an additional 187 shares during the quarter. Brighton Jones LLC’s holdings in Constellation Brands were worth $221,000 as of its most recent SEC filing. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STZ has been the topic of several analyst reports. Roth Capital dropped their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Truist Financial cut their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada decreased their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, Needham & Company LLC lowered their price target on Constellation Brands from $240.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $244.32.

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.