Equities research analysts expect Constellation Brands (NYSE:STZ) to announce earnings per share (EPS) of $2.49 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Constellation Brands’ earnings, with the highest EPS estimate coming in at $2.54 and the lowest estimate coming in at $2.43. Constellation Brands posted earnings per share of $2.34 during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The firm is scheduled to issue its next earnings results on Thursday, July 5th.

According to Zacks, analysts expect that Constellation Brands will report full-year earnings of $9.68 per share for the current financial year, with EPS estimates ranging from $9.44 to $9.91. For the next fiscal year, analysts expect that the firm will report earnings of $10.88 per share, with EPS estimates ranging from $10.71 to $11.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Constellation Brands.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, March 29th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Constellation Brands had a return on equity of 22.28% and a net margin of 27.85%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS.

A number of research firms have issued reports on STZ. Royal Bank of Canada restated a “buy” rating and set a $280.00 price target on shares of Constellation Brands in a report on Monday, April 2nd. Deutsche Bank increased their price target on Constellation Brands from $253.00 to $256.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Argus increased their price target on Constellation Brands to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 3rd. Evercore ISI increased their price target on Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Vetr upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price target on the stock in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $245.77.

Constellation Brands stock opened at $234.22 on Friday. The company has a market cap of $44,536.02, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.29 and a beta of 0.09. Constellation Brands has a 52-week low of $170.35 and a 52-week high of $234.38. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.17.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, May 10th will be given a $0.74 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.52. This represents a $2.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, May 9th. Constellation Brands’s dividend payout ratio is presently 23.85%.

Constellation Brands announced that its board has approved a share repurchase plan on Friday, January 5th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

In related news, Director James A. Locke III sold 6,398 shares of the stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $230.50, for a total value of $1,474,739.00. Following the completion of the sale, the director now directly owns 44,954 shares of the company’s stock, valued at approximately $10,361,897. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry A. Fromberg sold 3,000 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $229.22, for a total value of $687,660.00. The disclosure for this sale can be found here. Insiders sold a total of 37,274 shares of company stock valued at $8,490,699 over the last three months. 15.59% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STZ. Arrowstreet Capital Limited Partnership raised its position in Constellation Brands by 11,394.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,183,937 shares of the company’s stock valued at $270,612,000 after buying an additional 1,173,637 shares during the last quarter. KAMES CAPITAL plc raised its position in Constellation Brands by 3,223.4% in the 4th quarter. KAMES CAPITAL plc now owns 326,658 shares of the company’s stock valued at $74,671,000 after buying an additional 316,829 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Constellation Brands in the 4th quarter valued at $42,199,000. Amundi Pioneer Asset Management Inc. raised its position in Constellation Brands by 290.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 217,850 shares of the company’s stock valued at $49,795,000 after buying an additional 162,000 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Constellation Brands by 28.2% in the 4th quarter. Teachers Advisors LLC now owns 413,074 shares of the company’s stock valued at $94,416,000 after buying an additional 90,883 shares during the last quarter. 74.61% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Constellation Brands (NYSE:STZ)

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