$2.07 Earnings Per Share Expected for Constellation Brands, Inc. (NYSE:STZ) This Quarter

Brokerages predict that Constellation Brands, Inc. (NYSE:STZ) will report earnings per share (EPS) of $2.07 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Constellation Brands’ earnings. The lowest EPS estimate is $1.95 and the highest is $2.21. Constellation Brands posted earnings of $2.20 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 5.9%. The company is expected to issue its next quarterly earnings results on Friday, June 28th.

On average, analysts expect that Constellation Brands will report full-year earnings of $8.54 per share for the current year, with EPS estimates ranging from $8.22 to $9.20. For the next year, analysts anticipate that the business will report earnings of $9.67 per share, with EPS estimates ranging from $9.07 to $9.92. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Constellation Brands.

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 business had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.07 billion. Constellation Brands had a net margin of 38.67% and a return on equity of 15.63%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 earnings per share.

Several research firms have commented on STZ. Bank of America set a $221.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a report on Monday, June 24th. Macquarie set a $220.00 price objective on shares of Constellation Brands and gave the company a “hold” rating in a report on Wednesday, June 5th. Morgan Stanley downgraded shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $230.00 to $220.00 in a report on Friday, May 24th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group increased their price target on shares of Constellation Brands from $267.00 to $275.00 and gave the stock a “top pick” rating in a report on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $224.33.

NYSE STZ opened at $196.94 on Friday. The stock has a market capitalization of $37.68 billion, a P/E ratio of 21.22, a PEG ratio of 2.60 and a beta of 0.68. Constellation Brands has a 52 week low of $150.37 and a 52 week high of $228.91. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.49 and a current ratio of 1.16. The firm’s 50-day simple moving average is $192.17.

In related news, VP Thomas Michael Kane sold 3,071 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $190.08, for a total value of $583,735.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Richard Sands sold 23,984 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $206.47, for a total transaction of $4,951,976.48. Following the completion of the sale, the insider now directly owns 173,860 shares in the company, valued at $35,896,874.20. The disclosure for this sale can be found here. Insiders sold 80,921 shares of company stock worth $16,404,441 over the last ninety days. 15.86% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in Constellation Brands by 210.9% in the first quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Mosaic Family Wealth LLC purchased a new stake in Constellation Brands in the first quarter valued at approximately $27,000. Bay Harbor Wealth Management LLC purchased a new stake in Constellation Brands in the first quarter valued at approximately $33,000. Global Retirement Partners LLC raised its stake in Constellation Brands by 74.4% in the first quarter. Global Retirement Partners LLC now owns 211 shares of the company’s stock valued at $37,000 after purchasing an additional 90 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Constellation Brands in the first quarter valued at approximately $39,000. 70.74% of the stock is currently owned by institutional investors and hedge funds.

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.

Recommended Story: How to Invest in a Bull Market

Get a free copy of the Zacks research report on Constellation Brands (STZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.