Equities analysts predict that Constellation Brands, Inc. (NYSE:STZ) will report $1.86 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Constellation Brands’ earnings, with the highest sales estimate coming in at $1.88 billion and the lowest estimate coming in at $1.85 billion. Constellation Brands posted sales of $1.81 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The business is expected to report its next quarterly earnings results before the market opens on Friday, January 5th.

According to Zacks, analysts expect that Constellation Brands will report full-year sales of $1.86 billion for the current fiscal year, with estimates ranging from $7.61 billion to $7.68 billion. For the next year, analysts expect that the firm will post sales of $8.19 billion per share, with estimates ranging from $8.06 billion to $8.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Constellation Brands.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.06 billion. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share.

Several research firms have issued reports on STZ. Deutsche Bank initiated coverage on shares of Constellation Brands in a report on Wednesday. They set a “buy” rating and a $244.00 price objective on the stock. Zacks Investment Research cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada reiterated a “buy” rating and issued a $226.00 target price on shares of Constellation Brands in a research report on Sunday, November 12th. Citigroup reiterated a “neutral” rating and issued a $232.00 target price (up from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $237.00 target price (up from $220.00) on shares of Constellation Brands in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $217.40.

Constellation Brands (NYSE:STZ) opened at $222.75 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. The stock has a market cap of $43,035.49, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.08. Constellation Brands has a twelve month low of $144.00 and a twelve month high of $227.20.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, November 6th. Constellation Brands’s payout ratio is currently 10.67%.

In related news, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William A. Newlands sold 2,935 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,662 shares of company stock valued at $15,564,585. 15.59% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in STZ. Wedbush Securities Inc. boosted its stake in Constellation Brands by 12.9% during the third quarter. Wedbush Securities Inc. now owns 3,179 shares of the company’s stock worth $634,000 after buying an additional 362 shares during the period. DSAM Partners London Ltd purchased a new position in Constellation Brands during the second quarter worth about $21,659,000. Brighton Jones LLC purchased a new position in Constellation Brands during the second quarter worth about $245,000. Cipher Capital LP purchased a new position in Constellation Brands during the second quarter worth about $7,833,000. Finally, D L Carlson Investment Group Inc. boosted its stake in Constellation Brands by 22.3% during the second quarter. D L Carlson Investment Group Inc. now owns 27,410 shares of the company’s stock worth $5,310,000 after buying an additional 5,005 shares during the period. Hedge funds and other institutional investors own 75.04% of the company’s stock.

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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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Earnings History and Estimates for Constellation Brands (NYSE:STZ)

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