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.
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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