Wall Street brokerages forecast that Constellation Brands (NYSE:STZ) will report earnings of $1.74 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Constellation Brands’ earnings. The lowest EPS estimate is $1.66 and the highest is $1.80. Constellation Brands posted earnings per share of $1.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, March 29th.
On average, analysts expect that Constellation Brands will report full-year earnings of $8.55 per share for the current year, with EPS estimates ranging from $8.47 to $8.61. For the next year, analysts anticipate that the business will post earnings of $9.73 per share, with EPS estimates ranging from $9.44 to $10.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Constellation Brands.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 5th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $1.96 EPS.
Shares of Constellation Brands stock opened at $220.92 on Friday. Constellation Brands has a twelve month low of $160.53 and a twelve month high of $231.83. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $43,015.34, a price-to-earnings ratio of 24.07, a PEG ratio of 1.24 and a beta of 0.14.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.94%. Constellation Brands’s dividend payout ratio (DPR) is 22.66%.
Constellation Brands declared that its board has authorized a share buyback plan on Friday, January 5th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,005 shares of Constellation Brands stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total transaction of $441,942.10. Following the completion of the transaction, the director now owns 20,790 shares in the company, valued at approximately $4,582,531.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.59% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its stake in shares of Constellation Brands by 153.1% during the 4th quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock valued at $121,000 after buying an additional 320 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $134,000. Trustcore Financial Services LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $142,000. Valeo Financial Advisors LLC purchased a new position in shares of Constellation Brands during the 3rd quarter valued at about $153,000. Finally, Calton & Associates Inc. purchased a new position in shares of Constellation Brands during the 4th quarter valued at about $153,000. Institutional investors and hedge funds own 74.53% of the company’s stock.
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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 offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.
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