Analysts Anticipate Constellation Brands, Inc. Class A (STZ) Will Announce Earnings of $2.58 Per Share

Equities research analysts expect that Constellation Brands, Inc. Class A (NYSE:STZ) will post earnings per share (EPS) of $2.58 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Constellation Brands, Inc. Class A’s earnings, with estimates ranging from $2.48 to $2.67. Constellation Brands, Inc. Class A reported earnings of $2.47 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is scheduled to announce its next earnings results before the market opens on Thursday, October 4th.

According to Zacks, analysts expect that Constellation Brands, Inc. Class A will report full year earnings of $9.33 per share for the current year, with EPS estimates ranging from $8.93 to $9.64. For the next financial year, analysts expect that the firm will report earnings of $10.33 per share, with EPS estimates ranging from $9.76 to $10.88. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Constellation Brands, Inc. Class A.

Constellation Brands, Inc. Class A (NYSE:STZ) last announced its earnings results on Friday, June 29th. The company reported $2.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.42 by ($0.22). Constellation Brands, Inc. Class A had a net margin of 31.51% and a return on equity of 19.81%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis.

STZ has been the topic of several recent analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $285.00 target price on shares of Constellation Brands, Inc. Class A in a research report on Friday, June 29th. ValuEngine raised Constellation Brands, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Deutsche Bank reduced their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Bank of America reduced their target price on Constellation Brands, Inc. Class A from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Finally, Cann reduced their target price on Constellation Brands, Inc. Class A from $234.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $242.40.

NYSE:STZ traded down $2.78 during mid-day trading on Thursday, hitting $212.05. 2,102,549 shares of the company’s stock traded hands, compared to its average volume of 2,285,131. Constellation Brands, Inc. Class A has a twelve month low of $197.32 and a twelve month high of $236.62. The firm has a market capitalization of $41.30 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.13 and a beta of 0.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.81 and a quick ratio of 0.77.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 9th. Constellation Brands, Inc. Class A’s dividend payout ratio is presently 33.94%.

Several hedge funds have recently made changes to their positions in STZ. Jennison Associates LLC increased its holdings in shares of Constellation Brands, Inc. Class A by 344.8% in the second quarter. Jennison Associates LLC now owns 2,101,846 shares of the company’s stock valued at $460,031,000 after purchasing an additional 1,629,361 shares during the period. Standard Life Aberdeen plc increased its holdings in shares of Constellation Brands, Inc. Class A by 229.3% in the second quarter. Standard Life Aberdeen plc now owns 748,508 shares of the company’s stock valued at $164,208,000 after purchasing an additional 521,174 shares during the period. BlackRock Inc. increased its holdings in shares of Constellation Brands, Inc. Class A by 3.0% in the second quarter. BlackRock Inc. now owns 11,987,700 shares of the company’s stock valued at $2,623,747,000 after purchasing an additional 345,735 shares during the period. FMR LLC increased its holdings in shares of Constellation Brands, Inc. Class A by 6.0% in the second quarter. FMR LLC now owns 5,969,243 shares of the company’s stock valued at $1,306,489,000 after purchasing an additional 337,338 shares during the period. Finally, Bank of America Corp DE grew its holdings in Constellation Brands, Inc. Class A by 17.3% during the second quarter. Bank of America Corp DE now owns 2,001,752 shares of the company’s stock worth $438,124,000 after acquiring an additional 295,598 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

About Constellation Brands, Inc. Class A

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.

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Earnings History and Estimates for Constellation Brands, Inc. Class A (NYSE:STZ)

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