Constellation Brands (NYSE:STZ) Posts Earnings Results, Beats Expectations By $0.16 EPS

Constellation Brands (NYSE:STZ) released its quarterly earnings data on Thursday. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16, Briefing.com reports. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Constellation Brands updated its FY25 guidance to $13.50-13.80 EPS and its FY 2025 guidance to 13.500-13.800 EPS.

Constellation Brands Stock Down 2.3 %

Shares of NYSE:STZ traded down $6.10 during trading on Friday, hitting $262.24. 1,629,401 shares of the company’s stock traded hands, compared to its average volume of 1,318,122. Constellation Brands has a 52 week low of $221.81 and a 52 week high of $274.87. The company has a current ratio of 1.19, a quick ratio of 0.46 and a debt-to-equity ratio of 1.06. The company has a market cap of $47.94 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The company has a 50-day moving average price of $256.84 and a 200-day moving average price of $247.03.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is 37.95%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Roth Mkm reaffirmed a “buy” rating and issued a $305.00 target price on shares of Constellation Brands in a research report on Friday. BMO Capital Markets raised their target price on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler began coverage on Constellation Brands in a report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective for the company. Jefferies Financial Group lifted their price objective on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday. Finally, TheStreet cut Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $298.11.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors have recently bought and sold shares of STZ. Moneta Group Investment Advisors LLC lifted its stake in Constellation Brands by 84,839.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after acquiring an additional 3,738,028 shares in the last quarter. Norges Bank bought a new stake in shares of Constellation Brands during the 4th quarter worth approximately $373,796,000. Barclays PLC raised its stake in shares of Constellation Brands by 102.0% during the 2nd quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock worth $723,027,000 after purchasing an additional 1,483,668 shares in the last quarter. Morgan Stanley raised its stake in shares of Constellation Brands by 31.3% during the 4th quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock worth $882,799,000 after purchasing an additional 908,486 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Constellation Brands by 36.5% during the 4th quarter. Legal & General Group Plc now owns 1,215,487 shares of the company’s stock worth $293,845,000 after purchasing an additional 325,207 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.