Constellation Brands (NYSE:STZ) issued its quarterly earnings data on Friday, January 5th. The company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.13, Bloomberg Earnings reports. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. During the same period in the prior year, the company earned $1.96 EPS. Constellation Brands updated its FY18 guidance to $8.40-8.50 EPS.

Shares of Constellation Brands (NYSE:STZ) opened at $220.74 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54. Constellation Brands has a 1 year low of $146.99 and a 1 year high of $229.50. The stock has a market cap of $42,870.00, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 1.38 and a beta of 0.08.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is 25.27%.

A number of research firms have issued reports on STZ. Barclays began coverage on shares of Constellation Brands in a report on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 target price on the stock. Credit Suisse Group upped their target price on shares of Constellation Brands from $211.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. SunTrust Banks restated a “buy” rating and issued a $250.00 target price (up from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Susquehanna Bancshares set a $207.00 price objective on shares of Constellation Brands and gave the stock a “hold” rating in a report on Sunday, January 7th. Finally, Evercore ISI increased their price objective on shares of Constellation Brands from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $229.00.

In other news, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the sale, the vice president now owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.59% of the stock is owned by company insiders.

Constellation Brands announced that its Board of Directors has initiated a stock buyback plan on Friday, January 5th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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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.

Earnings History for Constellation Brands (NYSE:STZ)

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