Constellation Brands (NYSE:STZ) Releases FY25 Earnings Guidance

Constellation Brands (NYSE:STZ) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $13.60-13.80 for the period, compared to the consensus EPS estimate of $13.71. The company issued revenue guidance of $10.36-10.56 billion, compared to the consensus revenue estimate of $10.46 billion.

Constellation Brands Stock Down 0.8 %

Shares of NYSE STZ opened at $255.66 on Thursday. The company has a market capitalization of $46.78 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.74 and a beta of 1.75. Constellation Brands has a 52-week low of $227.50 and a 52-week high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The company’s 50 day moving average price is $246.78 and its 200-day moving average price is $253.71.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.91 EPS. Equities analysts forecast that Constellation Brands will post 13.53 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STZ shares. JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $320.00 to $307.00 and set an overweight rating on the stock in a research report on Tuesday, September 3rd. Roth Mkm dropped their target price on shares of Constellation Brands from $303.00 to $298.00 and set a buy rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada restated an outperform rating and set a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, September 17th. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $310.00 to $311.00 and gave the company a buy rating in a research note on Friday, July 5th. Finally, Truist Financial restated a hold rating and set a $265.00 price target on shares of Constellation Brands in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has an average rating of Moderate Buy and a consensus price target of $297.12.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at $2,808,480. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $252.43, for a total value of $468,005.22. Following the sale, the director now directly owns 3,232 shares of the company’s stock, valued at $815,853.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The disclosure for this sale can be found here. Insiders have sold a total of 16,414 shares of company stock valued at $3,982,922 over the last three months. 12.19% of the stock is currently owned by insiders.

Constellation Brands Company Profile

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 Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.