Constellation Brands (NYSE:STZ) Updates FY22 Earnings Guidance

Constellation Brands (NYSE:STZ) updated its FY22 earnings guidance on Thursday. The company provided earnings per share guidance of $9.95-10.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.40. Constellation Brands also updated its FY 2022
Pre-Market guidance to 9.95-10.25 EPS.

Several analysts have recently issued reports on the company. UBS Group increased their target price on Constellation Brands from $238.00 to $256.00 and gave the stock a buy rating in a report on Friday, January 8th. Deutsche Bank Aktiengesellschaft increased their target price on Constellation Brands from $219.00 to $223.00 and gave the stock a hold rating in a report on Wednesday, March 31st. Truist lowered Constellation Brands from a buy rating to a hold rating and set a $240.00 target price on the stock. in a report on Tuesday, February 16th. Cowen increased their target price on Constellation Brands from $240.00 to $275.00 in a report on Friday, January 8th. Finally, Morgan Stanley upped their price objective on Constellation Brands from $240.00 to $260.00 and gave the stock an overweight rating in a research report on Friday, January 8th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $237.30.

Shares of STZ stock opened at $234.94 on Thursday. The business’s 50 day simple moving average is $226.59 and its 200 day simple moving average is $210.15. Constellation Brands has a one year low of $149.01 and a one year high of $242.62. The stock has a market capitalization of $45.56 billion, a PE ratio of 22.88, a PEG ratio of 3.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.69 and a quick ratio of 1.01.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, January 6th. The company reported $3.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.68. Constellation Brands had a return on equity of 16.09% and a net margin of 21.63%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the firm earned $2.14 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year. As a group, research analysts expect that Constellation Brands will post 9.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 23rd. Shareholders of record on Tuesday, February 9th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is presently 10.20%.

In other Constellation Brands news, EVP Robert Lee Hanson sold 6,101 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $228.78, for a total value of $1,395,786.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.77% of the stock is currently owned by insiders.

Constellation Brands Company Profile

Constellation Brands, Inc engages in the production, marketing and distribution of beer, wine and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine and dessert wine-and across all price points.

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

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