Constellation Brands (NYSE:STZ) Issues Earnings Results, Beats Estimates By $0.16 EPS

Constellation Brands (NYSE:STZ) announced its quarterly earnings data on Thursday. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16, Briefing.com reports. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 earnings per share. 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 Price Performance

NYSE:STZ opened at $268.31 on Friday. The stock has a market cap of $49.05 billion, a P/E ratio of 31.75, a PEG ratio of 1.82 and a beta of 0.97. Constellation Brands has a one year low of $221.81 and a one year high of $274.87. The company has a fifty day moving average price of $256.61 and a 200 day moving average price of $246.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 0.46.

Institutional Investors Weigh In On Constellation Brands

Several institutional investors and hedge funds have recently bought and sold shares of STZ. Prudential PLC bought a new stake in Constellation Brands in the 1st quarter valued at $705,000. Cetera Investment Advisers increased its holdings in Constellation Brands by 1.0% in the 1st quarter. Cetera Investment Advisers now owns 17,026 shares of the company’s stock valued at $3,921,000 after buying an additional 163 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Constellation Brands by 17.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,149 shares of the company’s stock valued at $725,000 after buying an additional 471 shares during the period. Vanguard Group Inc. increased its holdings in Constellation Brands by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock valued at $2,902,327,000 after buying an additional 313,344 shares during the period. Finally, Ergoteles LLC bought a new stake in shares of Constellation Brands in the 1st quarter worth about $257,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on STZ shares. BMO Capital Markets lifted their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $295.00 target price on shares of Constellation Brands in a research note on Thursday, March 7th. Barclays reduced their target price on shares of Constellation Brands from $296.00 to $294.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday. Finally, Piper Sandler began coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.17.

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.