Constellation Brands (NYSE:STZ) Releases Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Constellation Brands (NYSE:STZ) released its quarterly earnings results on Friday. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08), RTT News reports. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 earnings per share. Constellation Brands updated its FY25 guidance to $13.40-13.80 EPS.

Constellation Brands Stock Performance

NYSE:STZ opened at $219.17 on Friday. The stock has a 50-day moving average price of $232.90 and a 200 day moving average price of $242.14. The stock has a market capitalization of $39.79 billion, a P/E ratio of 70.93, a P/E/G ratio of 1.69 and a beta of 1.75. Constellation Brands has a 12-month low of $217.47 and a 12-month high of $274.87. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.84%. Constellation Brands’s payout ratio is 130.74%.

Analysts Set New Price Targets

A number of brokerages have commented on STZ. Bank of America reaffirmed a “neutral” rating and set a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $293.00 to $262.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial reduced their price objective on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, October 4th. Finally, BMO Capital Markets dropped their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $284.75.

Insider Buying and Selling

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares in the company, valued at $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 189,956 shares of company stock valued at $46,058,091. Corporate insiders own 12.19% of the company’s stock.

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.