Constellation Brands Inc. (NYSE:STZ) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $2.80-3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.83, AnalystRatingsNetwork.com reports.
A number of analysts have recently weighed in on STZ shares. Analysts at Bank of America Corp. upgraded shares of Constellation Brands (NYSE:STZ) from a neutral rating to a buy rating in a research note to investors on Friday, September 6th. They now have a $70.00 price target on the stock, up previously from $55.00. On a related note, analysts at Goldman Sachs Group Inc. upgraded shares of Constellation Brands (NYSE:STZ) from a neutral rating to a buy rating in a research note to investors on Tuesday, September 3rd. They now have a $65.00 price target on the stock. Finally, analysts at TheStreet reiterated a buy rating on shares of Constellation Brands (NYSE:STZ) in a research note to investors on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $56.18.
Constellation Brands Inc. (NYSE:STZ) opened at 58.26 on Thursday. Constellation Brands Inc. has a 52-week low of $28.37 and a 52-week high of $59.92. The stock has a 50-day moving average of $56.57 and a 200-day moving average of $52.1. The company has a market cap of $10.980 billion and a P/E ratio of 29.79.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.71 earnings per share. Constellation Brands’s revenue was up 108.9% compared to the same quarter last year. Analysts expect that Constellation Brands Inc. will post $2.83 EPS for the current fiscal year.
Constellation Brands, Inc, is a wine company. The Company is a marketer of imported beer in the United States.
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