Constellation Brands (NYSE:STZ) posted its quarterly earnings data on Wednesday. The company reported $3.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.68, MarketWatch Earnings reports. Constellation Brands had a return on equity of 15.08% and a net margin of 12.35%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the firm earned $2.14 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis.
STZ opened at $228.87 on Friday. The business’s fifty day simple moving average is $211.40 and its 200 day simple moving average is $189.72. Constellation Brands has a 52 week low of $104.28 and a 52 week high of $240.76. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 0.92. The stock has a market cap of $44.36 billion, a PE ratio of 41.09, a P/E/G ratio of 3.26 and a beta of 0.94.
In related news, Director Judy Schmeling sold 5,662 shares of the business’s stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $205.51, for a total value of $1,163,597.62. Following the completion of the sale, the director now owns 9,938 shares in the company, valued at approximately $2,042,358.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.77% of the company’s stock.
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.
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