Constellation Brands (STZ) Expected to Announce Earnings on Wednesday

Constellation Brands (NYSE:STZ) is projected to announce its earnings results 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.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 quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.19 earnings per share. 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 Stock Performance

Shares of Constellation Brands stock opened at $172.78 on Tuesday. The firm has a market capitalization of $31.23 billion, a P/E ratio of 46.44, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $176.84 and its 200 day simple moving average is $211.47. Constellation Brands has a 12 month low of $160.46 and a 12 month high of $274.87.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.19% of the company’s stock.

Institutional Trading of Constellation Brands

An institutional investor recently raised its position in Constellation Brands stock. Brighton Jones LLC increased its position in Constellation Brands, Inc. (NYSE:STZ) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on STZ shares. TD Cowen lowered their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and a consensus price target of $244.32.

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.