Constellation Brands (STZ) Releases FY18 Earnings Guidance

Constellation Brands (NYSE:STZ) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $8.40-8.50 for the period, compared to the Thomson Reuters consensus estimate of $8.44.

Shares of Constellation Brands (STZ) traded down $5.91 during trading hours on Friday, hitting $219.88. The stock had a trading volume of 10,180,000 shares, compared to its average volume of 1,370,000. Constellation Brands has a one year low of $144.00 and a one year high of $229.50. The firm has a market cap of $43,000.00, a price-to-earnings ratio of 28.12, a PEG ratio of 1.46 and a beta of 0.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.61 and a quick ratio of 0.69.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.13. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. During the same quarter last year, the company earned $1.96 EPS. equities research analysts anticipate that Constellation Brands will post 8.43 EPS for the current fiscal year.

Several equities analysts recently commented on STZ shares. Royal Bank of Canada restated a buy rating and set a $226.00 target price on shares of Constellation Brands in a research report on Sunday, November 12th. Pivotal Research raised their target price on Constellation Brands from $250.00 to $265.00 and gave the stock a buy rating in a research report on Thursday, October 5th. Stifel Nicolaus lifted their price objective on Constellation Brands from $216.00 to $235.00 and gave the company a buy rating in a research report on Friday, October 6th. SunTrust Banks reiterated a buy rating and issued a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Finally, Deutsche Bank started coverage on Constellation Brands in a research report on Wednesday, December 13th. They issued a buy rating and a $244.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $225.55.

In related news, Director Barry A. Fromberg sold 2,500 shares of Constellation Brands stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total transaction of $520,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the sale, the vice president now directly owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,662 shares of company stock valued at $15,564,585. 15.59% of the stock is owned by insiders.

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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 and Estimates for Constellation Brands (NYSE:STZ)

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