Constellation Brands (STZ) Set to Announce Quarterly Earnings on Wednesday

Constellation Brands (NYSE:STZ) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, July 3rd. Analysts expect the company to announce earnings of $3.49 per share for the quarter. Constellation Brands has set its FY25 guidance at $13.50-13.80 EPS and its FY 2025 guidance at 13.500-13.800 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. Constellation Brands’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 earnings per share. On average, analysts expect Constellation Brands to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Constellation Brands Stock Down 0.4 %

Shares of Constellation Brands stock opened at $256.29 on Tuesday. The stock’s fifty day moving average is $255.34 and its 200-day moving average is $253.76. The firm has a market capitalization of $46.90 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.71 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands has a 12-month low of $227.50 and a 12-month high of $274.87.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a dividend of $1.01 per share. The ex-dividend date was Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.58%. Constellation Brands’s payout ratio is 43.07%.

Insider Transactions at Constellation Brands

In other news, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,031 shares of company stock worth $12,582,321. 12.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Tuesday, May 28th. JPMorgan Chase & Co. lowered their price target on Constellation Brands from $296.00 to $291.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Jefferies Financial Group lifted their price target on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Roth Mkm reiterated a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. Finally, Bank of America lifted their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.37.

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.