Constellation Brands (NYSE:STZ) Releases Earnings Results, Beats Estimates By $0.11 EPS

Constellation Brands (NYSE:STZ) issued its quarterly earnings results on Wednesday. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.46 by $0.11, Briefing.com reports. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business posted $2.91 earnings per share. Constellation Brands’s revenue for the quarter was up 5.8% compared to the same quarter last year. Constellation Brands updated its FY 2025 guidance to 13.500-13.800 EPS and its FY25 guidance to $13.50-13.80 EPS.

Constellation Brands Price Performance

Shares of STZ stock opened at $250.37 on Friday. The company has a market capitalization of $45.81 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87. The firm has a fifty day simple moving average of $254.77 and a 200-day simple moving average of $253.97. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands has a twelve month low of $227.50 and a twelve month high of $274.87.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.61%. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler assumed coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. UBS Group dropped their price target on shares of Constellation Brands from $320.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, May 28th. Finally, Barclays dropped their price target on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average price target of $298.63.

Insider Activity

In other news, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the transaction, the executive vice president now directly owns 1,731 shares in the company, valued at $442,270.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the transaction, the executive vice president now directly owns 1,731 shares in the company, valued at approximately $442,270.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares in the company, valued at $1,420,233.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,031 shares of company stock worth $12,582,321. 12.19% of the stock is currently owned by company insiders.

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.