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

Constellation Brands (NYSE:STZ) issued its quarterly earnings data on Friday. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08), RTT News reports. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm’s quarterly revenue 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 and its FY 2025 guidance to 13.400-13.800 EPS.

Constellation Brands Stock Down 17.2 %

Shares of NYSE:STZ opened at $181.57 on Friday. The company has a market cap of $32.97 billion, a price-to-earnings ratio of 58.76, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands has a fifty-two week low of $179.55 and a fifty-two week high of $274.87. The firm’s 50-day simple moving average is $231.88 and its 200-day simple moving average is $241.42. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on STZ shares. Truist Financial lowered their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a report on Friday, October 4th. Barclays dropped their price objective on shares of Constellation Brands from $300.00 to $282.00 and set an “overweight” rating for the company in a report on Wednesday. Evercore ISI reduced their target price on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, January 7th. Finally, TD Cowen cut their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $284.75.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were 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 trade represents a 23.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’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 sale, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,956 shares of company stock worth $46,058,091 over the last 90 days. Company 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.