Constellation Brands (STZ) Expected to Announce Earnings on Wednesday

Constellation Brands (NYSE:STZ - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, April 9th. Analysts expect the company to announce earnings of $2.36 per share and revenue of $2.14 billion for the quarter. Constellation Brands has set its FY25 guidance at $13.40-13.80 EPS and its FY 2025 guidance at 13.400-13.800 EPS.Parties interested in registering for the company's conference call can do so using this link.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). 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 26.55% and a net margin of 6.27%. 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. On average, analysts expect Constellation Brands to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Constellation Brands Trading Down 4.2 %

NYSE STZ traded down $7.70 during trading hours on Friday, reaching $173.79. The company's stock had a trading volume of 3,176,710 shares, compared to its average volume of 1,648,626. The firm has a fifty day simple moving average of $177.14 and a 200-day simple moving average of $212.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands has a 52 week low of $160.46 and a 52 week high of $274.87. The stock has a market cap of $31.41 billion, a P/E ratio of 46.72, a P/E/G ratio of 1.52 and a beta of 1.75.

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Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands's payout ratio is currently 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Constellation Brands

An institutional investor recently raised its position in Constellation Brands stock. Brighton Jones LLC boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,001 shares of the company's stock after buying an additional 187 shares during the period. Brighton Jones LLC's holdings in Constellation Brands were worth $221,000 as of its most recent SEC filing. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STZ. Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. StockNews.com downgraded Constellation Brands from a "hold" rating to a "sell" rating in a report on Friday, March 14th. Roth Mkm decreased their price target on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday. Barclays lowered their price objective on Constellation Brands from $205.00 to $203.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Citigroup cut Constellation Brands from a "buy" rating to a "neutral" rating and reduced their target price for the company from $260.00 to $200.00 in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $244.32.

About Constellation Brands

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.