Investors Cheer Constellation Brands, Inc. (NYSE:STZ)'s Quarterly Numbers And Outlook

Shares of Constellation Brands (STZ) were gaining by 5.18% to $161.40 in pre-market trading on Thursday, after the alcoholic beverage company reported better than expected fiscal 2017 fourth quarter results.

Revenues rose 5.5% from previous year to $1.63 billion, also topping analysts' view for $1.59 billion. On average, equities research analysts expect that Constellation Brands will post $6.65 EPS for the current fiscal year.

The largest alcohol importer in the USA reported earnings for the fourth quarter of $1.48 per share, beating Reuters' estimates of $1.36 per share.

The president's posturing toward Mexico had a "disproportionately negative impact on Latino consumer confidence" in the fourth quarter of the company's fiscal year 2017, which ended February 28, said Sands, answering a question from Pablo Zuanic, an analyst with Susquehanna International Group. The firm's revenue for the quarter was up 10.4% on a year-over-year basis.

The consensus estimates are $7.51 in EPS and $7.66 billion in revenue for the coming fiscal year. Bahl & Gaynor Inc. now owns 1,218 shares of the company's stock worth $202,000 after buying an additional 8 shares during the period. On a comparable basis, earnings were $296 million or $1.48 per share.

Today analysts at Susquehanna Bancshares maintained Constellation Brands, Inc.'s (NYSE:STZ) shares as "Hold" in a report released to investors. The monthly stock performance comes in at 2.67%. Another stock which investors can consider from the broader consumer staples sector is Conagra Brands, Inc. For the quarter, shares have been noted at -38.52%.

Beer sales increased 17%, and wine and spirits sales rose 6%."Our beer business continues to be a powerhouse for growth". Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company.

Beer net sales rose 11%. The dominant statistics will authorize the investment community to govern the size of Constellation Brands, Inc. compared to the sales or total assets figures.

Now insiders hold 1,729,051 shares in the business which makes up 0.88% of shares.

  • Zachary Reyes