Constellation Brands (NYSE:STZ) Issues FY20 Earnings Guidance

Constellation Brands (NYSE:STZ) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $8.65-8.95 for the period, compared to the Thomson Reuters consensus estimate of $8.57. Constellation Brands also updated its FY 2020 guidance to $8.65-8.95 EPS.

STZ traded down $1.03 during trading on Friday, hitting $201.57. The company’s stock had a trading volume of 1,029,240 shares, compared to its average volume of 1,610,142. Constellation Brands has a twelve month low of $150.37 and a twelve month high of $228.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.22 and a quick ratio of 0.71. The business’s fifty day simple moving average is $190.95. The stock has a market capitalization of $38.81 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.04 and a beta of 0.73.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, June 28th. The company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.15. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.07 billion. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.20 earnings per share. Equities analysts predict that Constellation Brands will post 8.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.00 annualized dividend and a dividend yield of 1.49%. Constellation Brands’s dividend payout ratio is 32.33%.

Several equities research analysts have recently commented on the company. Citigroup set a $210.00 price objective on Constellation Brands and gave the company a hold rating in a report on Monday, July 1st. Deutsche Bank upped their price target on Snap from $10.00 to $13.00 and gave the stock a hold rating in a report on Friday, April 5th. Morgan Stanley set a $18.00 price target on PG&E and gave the stock a hold rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded GenMark Diagnostics from a hold rating to a sell rating in a report on Wednesday, April 24th. Finally, Credit Suisse Group set a $230.00 price target on Constellation Brands and gave the stock a buy rating in a report on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $225.35.

In other news, Vice Chairman Richard Sands sold 23,984 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $206.47, for a total transaction of $4,951,976.48. Following the transaction, the insider now owns 173,860 shares of the company’s stock, valued at approximately $35,896,874.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $197.35, for a total value of $2,015,535.55. Following the transaction, the director now directly owns 27,630 shares in the company, valued at approximately $5,452,780.50. The disclosure for this sale can be found here. Insiders have sold a total of 62,083 shares of company stock worth $12,675,054 in the last ninety days. Insiders own 15.86% 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 Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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