Constellation Brands (STZ) Announces Earnings Results

Constellation Brands (NYSE:STZ) announced its quarterly earnings results on Friday. The company reported $2.00 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.13, Bloomberg Earnings reports. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. During the same period in the previous year, the firm earned $1.96 EPS.

Constellation Brands (NYSE:STZ) traded down $1.71 during midday trading on Friday, hitting $225.79. The company had a trading volume of 2,783,300 shares, compared to its average volume of 2,281,933. The company has a quick ratio of 0.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.01. Constellation Brands has a one year low of $144.00 and a one year high of $229.50. The company has a market capitalization of $42,850.00, a price-to-earnings ratio of 28.87, a PEG ratio of 1.46 and a beta of 0.08.

In related news, insider William A. Newlands sold 2,935 shares of Constellation Brands stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $210.10, for a total transaction of $616,643.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barry A. Fromberg sold 2,500 shares of Constellation Brands stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $208.00, for a total value of $520,000.00. The disclosure for this sale can be found here. Insiders have sold 73,662 shares of company stock worth $15,564,585 over the last 90 days. 15.59% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on STZ shares. Royal Bank of Canada reissued a “buy” rating and set a $226.00 target price on shares of Constellation Brands in a research note on Sunday, November 12th. Macquarie started coverage on Constellation Brands in a research note on Thursday, September 14th. They set an “outperform” rating and a $227.00 target price on the stock. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 target price on the stock in a research note on Monday, December 18th. SunTrust Banks reissued a “buy” rating and set a $230.00 target price on shares of Constellation Brands in a research note on Friday, October 6th. Finally, Deutsche Bank started coverage on Constellation Brands in a research note on Wednesday, December 13th. They set a “buy” rating and a $244.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $224.80.

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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.

Earnings History for Constellation Brands (NYSE:STZ)

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