Zacks: Analysts Anticipate Constellation Brands, Inc. (STZ) to Post $2.06 EPS

Wall Street analysts expect that Constellation Brands, Inc. (NYSE:STZ) will announce earnings per share (EPS) of $2.06 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Constellation Brands’ earnings, with the highest EPS estimate coming in at $2.18 and the lowest estimate coming in at $1.98. Constellation Brands posted earnings per share of $2.00 during the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The company is scheduled to report its next quarterly earnings results on Friday, January 4th.

On average, analysts expect that Constellation Brands will report full-year earnings of $9.42 per share for the current fiscal year, with EPS estimates ranging from $9.25 to $9.50. For the next financial year, analysts anticipate that the business will report earnings of $10.09 per share, with EPS estimates ranging from $9.86 to $10.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Constellation Brands.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 4th. The company reported $2.87 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.27. Constellation Brands had a return on equity of 18.63% and a net margin of 38.18%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year.

A number of brokerages have commented on STZ. Deutsche Bank lowered their price target on Constellation Brands from $234.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Cann lowered their price target on Constellation Brands from $234.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Jefferies Financial Group started coverage on Constellation Brands in a research note on Friday, September 7th. They set a “buy” rating and a $283.00 price objective for the company. Zacks Investment Research upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Finally, Susquehanna Bancshares lowered Constellation Brands from a “neutral” rating to a “negative” rating and reduced their price objective for the company from $199.00 to $169.00 in a research note on Monday, August 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $246.96.

Several institutional investors have recently made changes to their positions in STZ. United Capital Financial Advisers LLC increased its stake in shares of Constellation Brands by 6.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 7,822 shares of the company’s stock valued at $1,725,000 after purchasing an additional 508 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Constellation Brands by 46.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,358 shares of the company’s stock valued at $3,725,000 after purchasing an additional 5,200 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Constellation Brands in the 1st quarter valued at about $1,305,000. Xact Kapitalforvaltning AB increased its stake in shares of Constellation Brands by 10.1% in the 1st quarter. Xact Kapitalforvaltning AB now owns 17,821 shares of the company’s stock valued at $4,062,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Constellation Brands by 165.7% in the 1st quarter. Moors & Cabot Inc. now owns 6,894 shares of the company’s stock valued at $1,571,000 after purchasing an additional 4,299 shares in the last quarter. Hedge funds and other institutional investors own 73.53% of the company’s stock.

Shares of STZ opened at $222.93 on Wednesday. Constellation Brands has a one year low of $198.85 and a one year high of $236.62. The company has a quick ratio of 0.76, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock has a market cap of $43.05 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 2.20 and a beta of 0.01.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 6th will be paid a $0.74 dividend. The ex-dividend date is Monday, November 5th. This represents a $2.96 annualized dividend and a dividend yield of 1.33%. Constellation Brands’s dividend payout ratio is presently 10.67%.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

Featured Story: Market Capitalization and Individual Investors

Get a free copy of the Zacks research report on Constellation Brands (STZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply