Constellation Brands (NYSE:STZ – Get Rating) will be issuing its quarterly earnings data before the market opens on Thursday, October 6th. Analysts expect the company to announce earnings of $2.76 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
Constellation Brands (NYSE:STZ – Get Rating) last issued its earnings results on Thursday, June 30th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.16 billion. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The firm's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.33 EPS. On average, analysts expect Constellation Brands to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.
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NYSE:STZ opened at $237.43 on Thursday. The firm has a market cap of $43.87 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. Constellation Brands has a 12 month low of $207.59 and a 12 month high of $261.52. The company has a quick ratio of 0.70, a current ratio of 1.40 and a debt-to-equity ratio of 0.89. The company's 50-day moving average price is $244.60 and its two-hundred day moving average price is $241.85.
Insider Buying and Selling at Constellation Brands
In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 183,332 shares of the company's stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $44,514,842.92. Following the completion of the sale, the insider now owns 100 shares of the company's stock, valued at $24,281. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Wildstar Partners Llc sold 183,332 shares of the company's stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $44,514,842.92. Following the completion of the transaction, the insider now owns 100 shares in the company, valued at $24,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Sands sold 1,427,799 shares of the company's stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $242.81, for a total transaction of $346,683,875.19. Following the completion of the transaction, the insider now owns 550,214 shares of the company's stock, valued at approximately $133,597,461.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,619,248 shares of company stock valued at $393,239,506. Corporate insiders own 16.19% of the company's stock.Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Walleye Capital LLC boosted its holdings in Constellation Brands by 163.3% during the second quarter. Walleye Capital LLC now owns 2,388 shares of the company's stock worth $557,000 after purchasing an additional 1,481 shares during the last quarter. Centiva Capital LP bought a new stake in Constellation Brands during the second quarter worth $296,000. SVB Wealth LLC raised its position in Constellation Brands by 8.1% during the second quarter. SVB Wealth LLC now owns 3,288 shares of the company's stock worth $766,000 after acquiring an additional 246 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Constellation Brands during the first quarter worth $200,000. Finally, Toroso Investments LLC raised its position in Constellation Brands by 31.6% during the first quarter. Toroso Investments LLC now owns 4,792 shares of the company's stock worth $1,104,000 after acquiring an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 73.86% of the company's stock.
Wall Street Analysts Forecast Growth
STZ has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Constellation Brands in a research report on Tuesday, August 2nd. They issued an "outperform" rating and a $290.00 price target on the stock. Barclays boosted their target price on shares of Constellation Brands from $272.00 to $281.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 5th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $275.00 target price on shares of Constellation Brands in a research note on Wednesday, June 29th. Redburn Partners started coverage on shares of Constellation Brands in a research note on Wednesday, July 13th. They issued a "buy" rating for the company. Finally, UBS Group dropped their target price on shares of Constellation Brands from $285.00 to $270.00 and set a "buy" rating for the company in a research note on Tuesday, June 21st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $272.73.
Constellation Brands Company Profile
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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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
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