Home > Constellation Brands Stock Price Flat YTD, Investors Await Quarterly Earnings

Constellation Brands Stock Price Flat YTD, Investors Await Quarterly Earnings

Constellation Brands (NYSE: STZ) stock price is flat this year. Investors await the quarterly earnings scheduled for release later today.

Constellation Brands is reporting its Q2 FY2022 results today, and investors expect EPS of $2.79. The annual revenue estimate for the fiscal period ending February 2022 is $8.58 billion, while for the fiscal period ending February 2023, revenues are expected to climb to $9.18 billion.

The company is home to brands such as Corona, and it is one of the biggest players in the distillers and vintners industry. Constellation Brands stock price is almost flat this year but trades close to its record highs. It climbed to $240 earlier this year and has corrected ever since.

Constellation Brands pays a quarterly dividend and has a dividend growth history of six years. Moreover, the dividend payout ratio is 29.97%, and the dividend yield is 1.43%. The company operates with a profit margin of 53.92%, much higher than the 34.38% sector median.

What Do Analysts Say About Constellation Brands Stock Price?

As many as 48 analysts cover Constellation Brands stock price, and only one has issued a sell recommendation, while 18 have neutral ratings. The rest of 29 analysts have issued buy ratings with various price targets.

Barclays Capital, for example, has maintained its buy rating for the Constellation Brands stock in September, with a price target of $260. On the other hand, Deutsche Bank has maintained its hold recommendation, with a price target of $234. At the end of September, Constellation Brands was named a top pick at Credit Suisse.  

The price/earnings ratio for 2021 is 24.5, forecasted to decline to 12.61 by 2026.

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