Constellation Brands (NYSE:STZ) issued its earnings results on Wednesday. The company reported $3.09 EPS for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.68, MarketWatch Earnings reports. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $1.91 billion. Constellation Brands had a net margin of 12.35% and a return on equity of 15.08%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company posted $2.14 earnings per share.
Constellation Brands stock traded down $0.08 during trading hours on Friday, hitting $228.79. 80,284 shares of the stock traded hands, compared to its average volume of 1,779,980. The firm’s 50 day moving average price is $211.40 and its 200-day moving average price is $189.72. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.85 and a quick ratio of 1.16. The stock has a market capitalization of $44.34 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 3.26 and a beta of 0.94. Constellation Brands has a 1 year low of $104.28 and a 1 year high of $240.76.
In related news, Director Judy Schmeling sold 5,662 shares of Constellation Brands stock in a transaction dated Monday, November 30th. The stock was sold at an average price of $205.51, for a total transaction of $1,163,597.62. Following the completion of the sale, the director now owns 9,938 shares of the company’s stock, valued at $2,042,358.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.77% of the company’s stock.
Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Constellation Brands from $216.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Smith Barney Citigroup upped their price objective on shares of Constellation Brands from $220.00 to $244.00 in a research note on Friday. MKM Partners raised shares of Constellation Brands from a “sell” rating to a “neutral” rating and raised their target price for the company from $154.00 to $210.00 in a research report on Friday. ValuEngine raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellation Brands from $208.00 to $219.00 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $219.38.
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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
Further Reading: What is meant by buying and selling pressure?
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.