Constellation Brands Inc (NYSE:STZ) Producer / importer of beer, wine, and spirits, is reporting first quarter earnings results on Wednesday 1st July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.01 per share.
For the full year, analysts predict revenues of $ 7827.66 million, while looking forward to income of $ 8.45 per share.
Stock Performance
According to the previous trading day, closing price of STZ was $ 174.95, representing a 67.77 % increase from the 52 week low of $ 104.28 and a 17.48 % decrease over the 52 week high of $ 212.00.
The company has a market capital of $ 33.63 billion and is part of the Consumer Defensive sector and Beverages – Wineries & Distilleries industry.
Recent Analyst recommendations
On 17th June 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 200.00 target price.
On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 183.00 target price.
On 1st June 2020, maintained by Cowen at Outperform rating, with $ 205.00 target price.
On 8th May 2020, downgraded by MKM Partners to Sell from Buy rating, with $ 147.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.75 per share on April 2, 2020. The dividend were payable on May 19, 2020 to holders of record as of the close of business on May 5, 2020 and ex-dividend date on May 4, 2020.
Conference Call
Constellation Brands Inc will be hosting a conference call at 11:30 AM eastern time on 1st July 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, +1-877-673-1771 U.S., when prompted, enter passcode 2076116 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/jfyvhz5s
Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands. The company offers wine under the 7 Moons, Black Box, Clos du Bois, Franciscan Estate, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Ravage, Robert Mondavi, Ruffino, Schrader, Simi, The Dreaming Tree, Charles Smith, Prisoner; and sprits under the Casa Noble, High West, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey brands.
