News articles about Constellation Brands (NYSE:STZ) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Constellation Brands earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.917506819312 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Constellation Brands, Inc. Remains Ahead of the Curve (investorplace.com)
- Constellation Brands, Inc. (STZ) Analysts See $1.88 EPS; Sorl Auto Parts (SORL) SI Increased By 4.71% – Hill Country Times (hillcountrytimes.com)
- Constellation Brands (STZ) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Cannabis maker Canopy Growth expands to Newfoundland and Labrador (ca.reuters.com)
- Cannabis maker Canopy Growth expands to Newfoundland and Labrador (STZ) (markets.businessinsider.com)
Constellation Brands (NYSE:STZ) traded up $1.39 during trading on Tuesday, reaching $219.37. The company’s stock had a trading volume of 1,357,000 shares, compared to its average volume of 1,455,137. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61. The firm has a market cap of $42,638.41, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.40 and a beta of 0.08. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $227.20.
Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, October 5th. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. sell-side analysts expect that Constellation Brands will post 8.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.08 annualized dividend and a yield of 0.95%. Constellation Brands’s dividend payout ratio (DPR) is 23.85%.
Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Monday. Susquehanna Bancshares reissued a “neutral” rating and set a $193.00 price objective (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. BidaskClub raised Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Citigroup reissued a “neutral” rating and set a $232.00 price objective (up previously from $211.00) on shares of Constellation Brands in a research report on Monday, October 9th. Finally, Royal Bank of Canada boosted their price objective on Constellation Brands from $222.00 to $226.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $216.00.
In other Constellation Brands news, Director Barry A. Fromberg sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total value of $520,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas J. Mullin sold 18,227 shares of the company’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 value of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at approximately $15,825,237.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,662 shares of company stock valued at $15,564,585. Insiders own 15.59% of the company’s stock.
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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.
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