Constellation Brands (NYSE:STZ) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Constellation Brands (NYSE:STZ) released its quarterly earnings data on Wednesday. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11, Briefing.com reports. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.91 earnings per share. Constellation Brands updated its FY 2025 guidance to 13.500-13.800 EPS and its FY25 guidance to $13.50-13.80 EPS.

Constellation Brands Stock Down 3.3 %

Shares of NYSE:STZ opened at $250.37 on Friday. The firm has a fifty day moving average price of $254.77 and a 200 day moving average price of $253.97. Constellation Brands has a 1-year low of $227.50 and a 1-year high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The stock has a market cap of $45.81 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.66 and a beta of 0.87.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.61%. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at approximately $5,512,503.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Mcgrew sold 3,237 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,031 shares of company stock worth $12,582,321. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STZ shares. BMO Capital Markets raised their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Barclays lowered their price target on Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. HSBC boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $296.00 to $291.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.63.

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.