Constellation Brands (STZ) Expected to Announce Quarterly Earnings on Wednesday

Constellation Brands (NYSE:STZ) is projected to issue its quarterly earnings data after the market closes on Wednesday, April 9th. Analysts expect the company to announce earnings of $2.36 per share and revenue of $2.14 billion for the quarter. Constellation Brands has set its FY25 guidance at $13.40-13.80 EPS and its FY 2025 guidance at 13.400-13.800 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company earned $3.19 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect Constellation Brands to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Constellation Brands Trading Down 4.2 %

Shares of STZ stock opened at $173.79 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $31.41 billion, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands has a 12-month low of $160.46 and a 12-month high of $274.87. The stock’s 50-day moving average price is $177.14 and its 200-day moving average price is $212.00.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Activity

In other news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Constellation Brands stock. Brighton Jones LLC raised its position in Constellation Brands, Inc. (NYSE:STZ) by 23.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,001 shares of the company’s stock after acquiring an additional 187 shares during the period. Brighton Jones LLC’s holdings in Constellation Brands were worth $221,000 as of its most recent filing with the Securities & Exchange Commission. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of research reports. UBS Group lowered their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Royal Bank of Canada reduced their target price on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, TD Cowen reduced their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $244.32.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.