Constellation Brands (STZ) Given News Impact Rating of 0.09
News headlines about Constellation Brands (NYSE:STZ) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.437719510946 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Time to get high on cannabis purveyor Constellation Brands — Malcolm Berko (heraldsun.com)
- How Did Constellation Brands’ Segments Perform in 3Q18? (finance.yahoo.com)
- Why Constellation Brands Stock Soared 49% in 2017 (finance.yahoo.com)
- Why Constellation Brands’ Operating Margin Contracted in 3Q18 (finance.yahoo.com)
- $1.74 Earnings Per Share Expected for Constellation Brands, Inc. (STZ) This Quarter (americanbankingnews.com)
A number of brokerages recently issued reports on STZ. Barclays began coverage on Constellation Brands in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 target price for the company. Credit Suisse Group lifted their price objective on Constellation Brands from $211.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. SunTrust Banks reiterated a “buy” rating and set a $250.00 price objective (up previously from $230.00) on shares of Constellation Brands in a research note on Monday, January 8th. Susquehanna Bancshares set a $207.00 price objective on Constellation Brands and gave the company a “hold” rating in a research note on Sunday, January 7th. Finally, Evercore ISI lifted their price objective on Constellation Brands from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $229.00.
Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $1.96 EPS. equities research analysts expect that Constellation Brands will post 8.53 earnings per share for the current year.
Constellation Brands announced that its board has initiated a stock buyback program on Friday, January 5th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is presently 11.30%.
In related news, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $217.01, for a total value of $3,955,441.27. Following the sale, the vice president now directly owns 72,924 shares in the company, valued at approximately $15,825,237.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 15.59% of the company’s stock.
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Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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