Constellation Brands (NYSE:STZ) Releases Earnings Results, Beats Expectations By $0.11 EPS

Constellation Brands (NYSE:STZ) issued its quarterly earnings results on Wednesday. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11, Briefing.com reports. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $2.91 EPS. Constellation Brands updated its FY 2025 guidance to 13.500-13.800 EPS and its FY25 guidance to $13.50-13.80 EPS.

Constellation Brands Trading Down 3.3 %

Constellation Brands stock opened at $250.37 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The business’s fifty day simple moving average is $254.77 and its two-hundred day simple moving average is $253.97. Constellation Brands has a 12 month low of $227.50 and a 12 month high of $274.87. The company has a market capitalization of $45.81 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.61%. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Insiders Place Their Bets

In other news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at $3,844,638. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the transaction, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at $442,270.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the transaction, the chief executive officer now directly owns 14,700 shares in the company, valued at $3,844,638. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,031 shares of company stock valued at $12,582,321. 12.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on STZ shares. 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, May 28th. Piper Sandler started coverage on Constellation Brands in a report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective on the stock. Truist Financial reissued a “hold” rating and set a $265.00 price objective on shares of Constellation Brands in a report on Wednesday. UBS Group raised their price objective on Constellation Brands from $315.00 to $320.00 and gave the company a “buy” rating in a report on Friday. Finally, Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.16.

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.