Constellation Brands, Inc. (STZ) Releases FY15 Earnings Guidance
Constellation Brands, Inc. (NYSE:STZ) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.10-4.25 for the period, compared to the Thomson Reuters consensus estimate of $4.12, American Banking & Market News reports.
STZ has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a hold rating on shares of Constellation Brands in a research note on Thursday, May 29th. They now have a $93.00 price target on the stock, up previously from $90.00. On a related note, analysts at Zacks reiterated a neutral rating on shares of Constellation Brands in a research note on Wednesday, April 30th. They now have a $84.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Constellation Brands in a research note on Friday, April 11th. They now have a $84.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $82.89.
Shares of Constellation Brands, Inc. (NYSE:STZ) opened at 88.38 on Wednesday. Constellation Brands, Inc. has a 52-week low of $49.32 and a 52-week high of $88.94. The stock’s 50-day moving average is $84.22 and its 200-day moving average is $80.20. The company has a market cap of $16.951 billion and a price-to-earnings ratio of 8.97. Constellation Brands also was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 4,444 put options on the stock. This is an increase of approximately 621% compared to the typical daily volume of 616 put options.
Constellation Brands (NYSE:STZ) last released its earnings data on Wednesday, July 2nd. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.93 by $0.14. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.38 earnings per share. Constellation Brands’s revenue was up 126.7% compared to the same quarter last year. On average, analysts predict that Constellation Brands, Inc. will post $4.10 earnings per share 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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