Constellation Brands (STZ) Set to Announce Quarterly Earnings on Friday

Constellation Brands (NYSE:STZ) will be announcing its earnings results before the market opens on Friday, January 5th. Analysts expect the company to announce earnings of $1.92 per share for the quarter. Constellation Brands has set its FY18 guidance at $8.25-8.40 EPS.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 5th. The company reported $2.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.17 by $0.30. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect Constellation Brands to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Constellation Brands (STZ) opened at $227.98 on Friday. 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 has a 52-week low of $144.00 and a 52-week high of $228.98. The company has a market capitalization of $44,160.00, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.08.

In related news, Director Barry A. Fromberg sold 2,500 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total value of $520,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William A. Newlands sold 2,935 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $210.10, for a total value of $616,643.50. 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. Corporate insiders own 15.59% of the company’s stock.

Several equities research analysts have commented on STZ shares. Macquarie started coverage on Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price objective on the stock. Susquehanna Bancshares restated a “neutral” rating and issued a $193.00 price objective (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Pivotal Research upped their price objective 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 target price on shares of Constellation Brands in a research note on Friday, October 6th. Finally, Stifel Nicolaus upped their target price on Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $218.90.

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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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