Wall Street analysts forecast that Constellation Brands, Inc. (NYSE:STZ) will announce $1.74 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Constellation Brands’ earnings, with the lowest EPS estimate coming in at $1.66 and the highest estimate coming in at $1.81. Constellation Brands posted earnings per share of $1.48 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The company is expected to issue its next quarterly earnings report on Thursday, April 5th.

On average, analysts expect that Constellation Brands will report full year earnings of $8.53 per share for the current fiscal year, with EPS estimates ranging from $8.44 to $8.62. For the next fiscal year, analysts expect that the firm will post earnings of $9.74 per share, with EPS estimates ranging from $9.44 to $10.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Constellation Brands.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share.

Several equities analysts have weighed in on STZ shares. Susquehanna Bancshares reissued a “neutral” rating and issued a $193.00 target price (up previously from $169.00) on shares of Constellation Brands in a research note on Monday, October 2nd. Pivotal Research raised their price target on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and set a $230.00 price target on shares of Constellation Brands in a research report on Friday, October 6th. Stifel Nicolaus raised their price target on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Royal Bank of Canada raised their price target on Constellation Brands from $222.00 to $226.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $229.00.

In other Constellation Brands news, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.59% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Constellation Brands by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock worth $2,184,613,000 after acquiring an additional 350,346 shares during the period. Egerton Capital UK LLP boosted its stake in shares of Constellation Brands by 13.0% during the 3rd quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock worth $612,522,000 after acquiring an additional 353,490 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Constellation Brands by 488.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock worth $231,093,000 after acquiring an additional 990,152 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Constellation Brands by 4,909.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,134,716 shares of the company’s stock worth $219,829,000 after acquiring an additional 1,112,065 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Constellation Brands by 11.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 857,830 shares of the company’s stock worth $171,094,000 after acquiring an additional 84,876 shares during the period. Hedge funds and other institutional investors own 74.96% of the company’s stock.

Constellation Brands (NYSE STZ) traded down $1.53 during trading hours on Tuesday, reaching $217.52. The company’s stock had a trading volume of 4,266,100 shares, compared to its average volume of 3,790,289. Constellation Brands has a 1 year low of $146.99 and a 1 year high of $229.50. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $42,940.00, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.34 and a beta of 0.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.96%. Constellation Brands’s dividend payout ratio is 11.30%.

Constellation Brands declared that its board has authorized a share buyback plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Constellation Brands Company Profile

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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