Constellation Brands (NYSE:STZ) Releases Quarterly Earnings Results

Constellation Brands (NYSE:STZ) announced its quarterly earnings results on Thursday. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.16, Briefing.com reports. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $1.98 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Constellation Brands updated its FY25 guidance to $13.50-13.80 EPS and its FY 2025 guidance to 13.500-13.800 EPS.

Constellation Brands Price Performance

Constellation Brands stock opened at $262.24 on Friday. The firm has a fifty day moving average of $256.84 and a 200-day moving average of $247.03. Constellation Brands has a 52-week low of $221.81 and a 52-week high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.05 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $47.94 billion, a P/E ratio of 31.03, a PEG ratio of 1.82 and a beta of 0.97.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 annualized dividend and a yield of 1.54%. Constellation Brands’s dividend payout ratio is 42.13%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STZ. Piper Sandler began coverage on shares of Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target on the stock. TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Barclays reduced their price objective on shares of Constellation Brands from $296.00 to $294.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Bank of America upped their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Evercore ISI upped their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $298.11.

Hedge Funds Weigh In On Constellation Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Personal Capital Advisors Corp acquired a new position in Constellation Brands during the 4th quarter worth approximately $222,000. Headinvest LLC acquired a new position in shares of Constellation Brands during the first quarter worth $220,000. Walleye Capital LLC purchased a new position in shares of Constellation Brands in the first quarter valued at $209,000. EP Wealth Advisors LLC acquired a new stake in Constellation Brands during the 1st quarter valued at $200,000. Finally, Columbia Trust Co 01012016 acquired a new stake in Constellation Brands during the 4th quarter valued at $200,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.