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HomeMarketResultsConstellation Brands (NYSE:STZ) Issues FY 2023 Earnings Guidance

Constellation Brands (NYSE:STZ) Issues FY 2023 Earnings Guidance


Constellation Manufacturers (NYSE:STZGet Rating) up to date its FY 2023 earnings steerage on Thursday. The corporate supplied EPS steerage of $11.00-$11.20 for the interval, in comparison with the consensus EPS estimate of $10.94. The corporate issued income steerage of -.

Analyst Upgrades and Downgrades

A number of equities analysts have lately issued studies on the corporate. Wells Fargo & Firm decreased their worth goal on Constellation Manufacturers from $280.00 to $270.00 and set an obese ranking for the corporate in a analysis notice on Tuesday. UBS Group lifted their worth goal on Constellation Manufacturers from $270.00 to $281.00 and gave the corporate a purchase ranking in a analysis notice on Friday, October seventh. Wedbush initiated protection on Constellation Manufacturers in a analysis notice on Monday, October tenth. They issued an outperform ranking and a $275.00 worth goal for the corporate. Sanford C. Bernstein boosted their goal worth on Constellation Manufacturers to $275.00 in a analysis notice on Thursday, October thirteenth. Lastly, StockNews.com lower Constellation Manufacturers from a purchase ranking to a maintain ranking in a analysis notice on Thursday, December twenty ninth. Three equities analysis analysts have rated the inventory with a maintain ranking and twelve have given a purchase ranking to the corporate. In response to MarketBeat.com, Constellation Manufacturers at the moment has a consensus ranking of Reasonable Purchase and a consensus worth goal of $276.38.

Constellation Manufacturers Value Efficiency

Shares of NYSE STZ opened at $231.16 on Thursday. The corporate has a present ratio of 1.41, a fast ratio of 0.75 and a debt-to-equity ratio of 1.06. Constellation Manufacturers has a twelve month low of $207.59 and a twelve month excessive of $261.52. The inventory has a 50 day shifting common of $243.07 and a two-hundred day shifting common of $241.19. The inventory has a market cap of $42.64 billion, a P/E ratio of 745.70, a P/E/G ratio of 1.95 and a beta of 1.00.

Constellation Manufacturers (NYSE:STZGet Rating) final issued its quarterly earnings information on Thursday, October sixth. The corporate reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.29. Constellation Manufacturers had a return on fairness of 19.05% and a internet margin of 1.03%. The corporate had income of $2.66 billion throughout the quarter, in comparison with analysts’ expectations of $2.51 billion. Throughout the identical quarter within the earlier yr, the enterprise earned $2.38 earnings per share. The agency’s income for the quarter was up 12.0% on a year-over-year foundation. On common, analysis analysts forecast that Constellation Manufacturers will put up 10.94 earnings per share for the present yr.

Insider Shopping for and Promoting at Constellation Manufacturers

In different Constellation Manufacturers information, EVP Kaneenat Kristann Carey offered 978 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November thirtieth. The inventory was offered at a median worth of $250.81, for a complete worth of $245,292.18. Following the completion of the sale, the manager vp now owns 1,004 shares within the firm, valued at $251,813.24. The sale was disclosed in a doc filed with the SEC, which is accessible by means of this link. In different information, EVP Kaneenat Kristann Carey offered 978 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November thirtieth. The inventory was offered at a median worth of $250.81, for a complete worth of $245,292.18. Following the transaction, the manager vp now owns 1,004 shares of the corporate’s inventory, valued at $251,813.24. The transaction was disclosed in a submitting with the SEC, which is accessible at the SEC website. Additionally, main shareholder 2015 Enterprise Holdings Lp Rht offered 1,000,000 shares of the enterprise’s inventory in a transaction that occurred on Monday, November 14th. The shares have been offered at a median worth of $239.06, for a complete worth of $239,060,000.00. Following the completion of the transaction, the insider now straight owns 350,000 shares within the firm, valued at roughly $83,671,000. The disclosure for this sale will be discovered here. Over the past quarter, insiders offered 4,705,145 shares of firm inventory value $1,124,869,978. 16.19% of the inventory is owned by insiders.

Institutional Inflows and Outflows

Institutional traders have lately modified their holdings of the inventory. Vanguard Group Inc. grew its holdings in Constellation Manufacturers by 2.6% throughout the first quarter. Vanguard Group Inc. now owns 12,601,280 shares of the corporate’s inventory value $2,902,327,000 after buying an extra 313,344 shares throughout the interval. Capital Worldwide Traders grew its holdings in Constellation Manufacturers by 17.9% throughout the first quarter. Capital Worldwide Traders now owns 1,172,206 shares of the corporate’s inventory value $270,000,000 after buying an extra 178,034 shares throughout the interval. Arrowstreet Capital Restricted Partnership grew its holdings in Constellation Manufacturers by 13.5% throughout the first quarter. Arrowstreet Capital Restricted Partnership now owns 1,028,631 shares of the corporate’s inventory value $236,914,000 after buying an extra 122,621 shares throughout the interval. Eaton Vance Administration grew its holdings in Constellation Manufacturers by 29.6% throughout the first quarter. Eaton Vance Administration now owns 420,098 shares of the corporate’s inventory value $96,756,000 after buying an extra 95,983 shares throughout the interval. Lastly, Cibc World Markets Corp grew its holdings in Constellation Manufacturers by 1,111.4% throughout the first quarter. Cibc World Markets Corp now owns 70,925 shares of the corporate’s inventory value $16,335,000 after buying an extra 65,070 shares throughout the interval. Institutional traders and hedge funds personal 84.87% of the corporate’s inventory.

Constellation Manufacturers Firm Profile

(Get Rating)

Constellation Manufacturers, Inc, along with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in america, Canada, Mexico, New Zealand, and Italy. It offers beer primarily underneath the Corona Further, Corona Premier, Corona Acquainted, Corona Mild, Corona Refresca, Corona Exhausting Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria manufacturers.

Featured Articles

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

This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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