Constellation Brands (STZ) Projected to Post Quarterly Earnings on Wednesday

Constellation Brands (NYSE:STZ) is anticipated to post its quarterly earnings results after the market closes on Wednesday, April 9th. Analysts expect Constellation Brands to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $3.19 EPS. 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 Trading Up 0.8 %

NYSE:STZ opened at $184.98 on Wednesday. The stock has a 50-day simple moving average of $177.22 and a 200-day simple moving average of $213.55. The stock has a market cap of $33.43 billion, a P/E ratio of 49.73, a P/E/G 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. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Needham & Company LLC decreased their target price on Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Truist Financial decreased their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Hold” and a consensus price target of $249.18.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 12.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Constellation Brands stock. Brighton Jones LLC raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,001 shares of the company’s stock after buying an additional 187 shares during the quarter. Brighton Jones LLC’s holdings in Constellation Brands were worth $221,000 at the end of the most recent reporting period. 77.34% of the stock is currently owned by institutional investors.

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.