Cheers to Growth: Constellation Brands Gets Upgrade, Analyst Bullish on Beer Sales
Cheers to Growth: Constellation Brands Gets Upgrade, Analyst Bullish on Beer Sales
Argus Research analyst John Staszak upgraded the shares of Constellation Brands Inc (NYSE:STZ) from Hold to Buy with a price target of $306.
阿格斯研究分析師約翰·斯塔扎克將Constellation Brands Inc（紐約證券交易所代碼：STZ）的股票從持有上調至買入，目標股價爲306美元。
In fiscal 4Q24 ended February 30, 2024, Constellation's comparable sales rose 7% to $2.14 billion and topped the consensus estimate of $2.10 billion.
在截至2024年2月30日的第四季度中，Constellation的可比銷售額增長了7％，達到21.4億美元，超過了市場普遍預期的21.0億美元。
The higher sales reflected an approximately 11% increase in beer revenue to more than $1.70 billion, said the analyst.
分析師表示，銷售額的增加反映了啤酒收入增長了約11％，達到17.0億美元以上。
The analyst raised the FY25 EPS estimate to $14.20 from $13.90 and set an FY26 estimate of $15.30 per share following the company's upbeat FY25 EPS outlook of $13.50-$13.80.
該分析師將25財年的每股收益預期從13.90美元上調至14.20美元，並在該公司樂觀的25財年每股收益展望爲13.50美元至13.80美元之後，將26財年的估計值定爲每股15.30美元。
The analyst rated the financial strength of Constellation as Medium, the midpoint on a five-point scale.
分析師將Constellation的財務實力評爲中等，這是五分制的中點。
At the end of 4Q24, cash and cash equivalents totaled $152 million, up from $134 million at the end of 4Q23.
截至24年第四季度末，現金及現金等價物總額爲1.52億美元，高於23年第四季度末的1.34億美元。
On April 6, 2023, the company announced an 11% increase in its quarterly dividend to $0.89 per share, or $3.56 annually.
2023年4月6日，該公司宣佈將季度股息增加11％，至每股0.89美元，合每年3.56美元。
The analyst estimates a dividend of $3.96 for FY25 and $4.20 for FY26.
分析師估計，25財年的股息爲3.96美元，26財年的股息爲4.20美元。
Investors in STZ shares face numerous risks, ranging from the concentrated ownership of the Sands family to the company's relatively high debt, noted the analyst.
分析師指出，STZ股票的投資者面臨許多風險，從金沙家族的集中所有權到公司相對較高的債務。
Also, according to the analyst, the company faces fierce competition and, like other producers of alcoholic beverages, is subject to significant regulation.
此外，根據分析師的說法，該公司面臨激烈的競爭，與其他酒精飲料生產商一樣，受到嚴格監管。
STZ is trading at 18.6-times the analyst's revised FY25 EPS estimate, below the average multiple of 21.0 for other growing Consumer Staples companies.
STZ的交易價格是分析師修訂後的25財年每股收益估計值的18.6倍，低於其他成長型必需消費品公司的平均倍數21.0。
However, the analyst believes that the current multiple inadequately reflects the company's prospects for strong beer sales, dividend hikes and efforts to reduce costs.
但是，分析師認爲，目前的倍數不足以反映該公司啤酒銷售強勁、股息上調和降低成本努力的前景。
Price Action: STZ shares are trading lower by 0.83% at $260.06 on the last check Monday.
價格走勢：在週一的最後一次支票中，STZ股價下跌0.83％，至260.06美元。
Photo: Anrita from Pixabay
照片：來自 Pixabay 的 Anrita