Brokerages predict that Constellation Brands, Inc. (NYSE:STZ) will report $2.05 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Constellation Brands’ earnings. The highest EPS estimate is $2.15 and the lowest is $1.98. Constellation Brands reported earnings per share of $2.00 during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, January 4th.

On average, analysts expect that Constellation Brands will report full year earnings of $9.43 per share for the current year, with EPS estimates ranging from $9.25 to $9.50. For the next fiscal year, analysts anticipate that the company will post earnings of $10.11 per share, with EPS estimates ranging from $9.86 to $10.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Constellation Brands.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 4th. The company reported $2.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $0.27. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Constellation Brands had a return on equity of 18.63% and a net margin of 38.18%. During the same quarter last year, the company earned $2.47 EPS. Constellation Brands’s revenue for the quarter was up 10.1% compared to the same quarter last year.

A number of equities analysts recently commented on STZ shares. Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a report on Wednesday. Susquehanna Bancshares reduced their price target on Constellation Brands from $171.00 to $165.00 and set a “negative” rating for the company in a report on Monday, October 1st. Bank of America lifted their price target on Constellation Brands from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, October 5th. Wells Fargo & Co lifted their price target on Constellation Brands from $270.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, October 5th. Finally, Morgan Stanley reduced their price target on Constellation Brands from $258.00 to $251.00 and set a “buy” rating for the company in a report on Thursday, September 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Constellation Brands currently has a consensus rating of “Buy” and a consensus price target of $244.27.

Constellation Brands stock opened at $190.72 on Tuesday. Constellation Brands has a 52 week low of $187.87 and a 52 week high of $236.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.76. The stock has a market cap of $36.22 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.85 and a beta of 0.05.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.55%. Constellation Brands’s dividend payout ratio (DPR) is currently 33.94%.

In other news, Chairman Richard Sands sold 148,773 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $223.69, for a total transaction of $33,279,032.37. Following the transaction, the chairman now owns 346,525 shares in the company, valued at $77,514,177.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Sands sold 136,547 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $223.62, for a total value of $30,534,640.14. Following the transaction, the chief executive officer now owns 737,607 shares in the company, valued at approximately $164,943,677.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 578,723 shares of company stock worth $129,438,449. 15.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in STZ. BlackRock Inc. grew its position in Constellation Brands by 0.6% during the third quarter. BlackRock Inc. now owns 12,057,795 shares of the company’s stock worth $2,599,903,000 after buying an additional 70,095 shares in the last quarter. Vanguard Group Inc. grew its position in Constellation Brands by 0.3% during the third quarter. Vanguard Group Inc. now owns 12,013,148 shares of the company’s stock worth $2,590,276,000 after buying an additional 30,782 shares in the last quarter. FMR LLC grew its position in Constellation Brands by 6.0% during the second quarter. FMR LLC now owns 5,969,243 shares of the company’s stock worth $1,306,489,000 after buying an additional 337,338 shares in the last quarter. Capital World Investors grew its position in Constellation Brands by 3.4% during the third quarter. Capital World Investors now owns 4,054,750 shares of the company’s stock worth $874,285,000 after buying an additional 133,500 shares in the last quarter. Finally, Third Point LLC grew its position in Constellation Brands by 20.0% during the third quarter. Third Point LLC now owns 2,400,000 shares of the company’s stock worth $517,488,000 after buying an additional 400,000 shares in the last quarter. Institutional investors own 72.83% 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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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