Published: Fri, April 07, 2017
Markets | By Lucia Cruz

Constellation Brands, Inc. (STZ) Releases Earnings Results, Beats Estimates By $0.12 EPS

Constellation Brands, Inc. (STZ) Releases Earnings Results, Beats Estimates By $0.12 EPS

Ivory Investment Management Lp acquired 429,052 shares as Nxp Semiconductors N V (NXPI)'s stock declined 4.62%. The company has market cap of $33.79 billion. The businesses 50 day moving average is 160.21 and its 200 day moving average is 158.02. Jefferies Group LLC lowered their target price on shares of L Brands from $40.00 to $35.00 and set a "sell" rating for the company in a report on Tuesday, March 28th. (NYSE:STZ). First Midwest Natl Bank Tru Division has 21,021 shares. Weekly performance analysis shows the equity at -1.40%.Covering Sell-Side analysts have offered recommendations and price target estimates on Constellation Brands, Inc. Finally, HSBC Holdings plc raised shares of Constellation Brands from a "reduce" rating to a "hold" rating and boosted their price target for the company from $132.00 to $153.00 in a report on Wednesday, February 1st. For the past 5 years, the company's revenue has grown 19%, while the company's earnings per share has grown 14.8%. The business's revenue for the quarter was up 5.5% on a year-over-year basis.

Constellation forecast 2018 earnings of $7.70-$8 per share, beating analysts' average estimate of $7.51 per share, according to Thomson Reuters I/B/E/S.

In other Constellation Brands news, VP F Paul Hetterich purchased 752 shares of the business's stock in a transaction on Friday, January 13th.

STZ has declared quarterly cash dividend of $0.52 per share for Class A common stock and $0.47 per share for Class B common stock, payable on May 24,2017 to shareholders on record May 10th, 2017. Marietta Investment Partners LLC increased its position in shares of Constellation Brands by 13.6% in the third quarter. Brick & Kyle Associates now owns 815 shares of the company's stock worth $136,000 after buying an additional 15 shares during the period. Constellation Brands, Inc. (NYSE:STZ) has declined 2.86% since August 30, 2016 and is downtrending. Euclidean Technologies Management Llc, a New York-based fund reported 20,300 shares. Constellation Brands would be especially vulnerable to a House Republican proposal to impose a border adjustment tax on imported goods, given its Mexican beer portfolio.

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Other equities research analysts also recently issued research reports about the company.

Session activity on Constellation Brands, Inc.(NYSE:STZ) stock is placing it on today's most active list.

The company anticipates beer business sales to grow 9%-11% in fiscal 2018, while sales for the wine and spirits business is expected to decline 4%-6%.

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