Constellation Brands (NYSE:STZ) Posts Earnings Results

Constellation Brands (NYSE:STZGet Free Report) announced its earnings results on Wednesday. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.68 by $0.22, Briefing.com reports. Constellation Brands had a return on equity of 29.15% and a net margin of 11.08%.During the same quarter last year, the business posted $2.63 EPS. The company’s quarterly revenue was down 11.3% compared to the same quarter last year.

Constellation Brands Stock Down 2.3%

STZ stock traded down $3.49 during trading on Wednesday, reaching $150.34. 3,976,899 shares of the stock were exchanged, compared to its average volume of 2,394,864. The firm’s 50 day moving average is $154.53 and its 200 day moving average is $145.22. Constellation Brands has a twelve month low of $126.45 and a twelve month high of $196.91. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 1.29. The firm has a market cap of $26.07 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 0.42 and a beta of 0.44.

Key Headlines Impacting Constellation Brands

Here are the key news stories impacting Constellation Brands this week:

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STZ. Sanford C. Bernstein upped their target price on Constellation Brands from $195.00 to $197.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Weiss Ratings upgraded Constellation Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. UBS Group upped their target price on Constellation Brands from $168.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. JPMorgan Chase & Co. upped their target price on Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Constellation Brands in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.18.

Get Our Latest Stock Report on Constellation Brands

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STZ. Ameriprise Financial Inc. raised its stake in Constellation Brands by 650.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock worth $287,889,000 after buying an additional 1,533,961 shares during the period. Wellington Management Group LLP raised its stake in Constellation Brands by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 6,018,653 shares of the company’s stock worth $830,333,000 after buying an additional 739,393 shares during the period. Worldquant Millennium Advisors LLC raised its stake in Constellation Brands by 1,249.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock worth $77,550,000 after buying an additional 441,382 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Constellation Brands by 26.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,664,151 shares of the company’s stock worth $224,111,000 after buying an additional 351,241 shares during the period. Finally, State Street Corp raised its stake in Constellation Brands by 5.0% during the 4th quarter. State Street Corp now owns 6,911,369 shares of the company’s stock worth $953,492,000 after buying an additional 329,337 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

About Constellation Brands

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Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.

Further Reading

Earnings History for Constellation Brands (NYSE:STZ)

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