$1.98 EPS Expected for Constellation Brands Inc (STZ) This Quarter
Analysts expect that Constellation Brands Inc (NYSE:STZ) will announce $1.98 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Constellation Brands’ earnings, with estimates ranging from $1.90 to $2.06. Constellation Brands posted earnings per share of $1.54 in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The business is expected to report its next earnings results before the market opens on Thursday, June 29th.
According to Zacks, analysts expect that Constellation Brands will report full year earnings of $7.99 per share for the current fiscal year, with EPS estimates ranging from $7.88 to $8.14. For the next year, analysts forecast that the company will post earnings of $8.95 per share, with EPS estimates ranging from $8.72 to $9.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Constellation Brands.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 6th. The company reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. Constellation Brands had a net margin of 19.04% and a return on equity of 19.69%. Constellation Brands’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.19 EPS.
Several equities research analysts have recently weighed in on STZ shares. Vetr raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $163.75 target price on the stock in a report on Thursday, February 23rd. Susquehanna Bancshares Inc set a $147.00 target price on shares of Constellation Brands and gave the stock a “hold” rating in a report on Saturday, February 25th. Zacks Investment Research downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. J P Morgan Chase & Co initiated coverage on shares of Constellation Brands in a research report on Tuesday, March 21st. They set an “overweight” rating and a $183.00 price target on the stock. Finally, OTR Global downgraded shares of Constellation Brands to a “positive” rating in a research report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and a consensus price target of $184.80.
Shares of Constellation Brands (NYSE STZ) traded up 1.33% during mid-day trading on Monday, reaching $183.28. 816,361 shares of the company traded hands. The stock’s 50 day moving average is $180.12 and its 200 day moving average is $163.17. Constellation Brands has a 52-week low of $144.00 and a 52-week high of $186.55. The stock has a market capitalization of $35.70 billion, a PE ratio of 24.37 and a beta of 0.31.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, May 8th. This is a boost from Constellation Brands’s previous quarterly dividend of $0.40. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.14%. Constellation Brands’s dividend payout ratio is 27.59%.
In related news, Director Barry A. Fromberg sold 700 shares of the stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $170.03, for a total transaction of $119,021.00. Following the completion of the sale, the director now directly owns 21,520 shares of the company’s stock, valued at approximately $3,659,045.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James A. Locke III sold 6,340 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $173.05, for a total value of $1,097,137.00. Following the sale, the director now directly owns 44,415 shares of the company’s stock, valued at $7,686,015.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,244 shares of company stock valued at $10,445,048. 15.59% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of STZ. Quadrant Capital Group LLC boosted its stake in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the last quarter. Tompkins Financial Corp boosted its stake in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Constellation Brands during the first quarter worth about $117,000. Hanson McClain Inc. boosted its stake in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in Constellation Brands during the first quarter worth about $130,000. 76.79% of the stock is owned by institutional investors and hedge funds.
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About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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