Constellation Brands Inc. (STZ) Is Surging On Strong Q4 Results

Corona Extra is part of the Constellation Brands portfolio

The company posted $1.48 in earnings per share (EPS) and $1.79 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $1.36 in EPS and revenue of $1.59 billion. It is flat, as 74 investors sold Constellation Brands, Inc. shares while 244 reduced holdings. only 93 funds opened positions while 219 raised stakes. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Constellation Brands, Inc. (NYSE:STZ) has declined 2.86% since August 30, 2016 and is downtrending.

On Thursday, Constellation Brands (stz.b) reported a massive 17% increase in net sales from the company's beer business, which is benefiting from gains in volume and pricing for the Mexican beer portfolio that also includes Modelo and Pacifico. This reflected organic net sales growth of seven percent on a constant currency basis. In the fourth quarter, the net income attributable to CBI grew 86 percent to $452 million. Investors applauded the world's No. 1 beer importer and spirits company on better-than-expected top-line and bottom-line numbers, driven by surging demand for its premium beers including Corona and Ballast Point. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/04/06/l-brands-lb-receives-media-sentiment-rating-of-0-10-2.html. The stock of MYR Group Inc (NASDAQ:MYRG) earned "Buy" rating by Zacks on Tuesday, August 11. Vetr downgraded shares of L Brands from a "sell" rating to a "strong sell" rating and set a $65.84 price objective on the stock.in a research report on Wednesday, December 7th. Aside from that, the company offered upbeat outlook for fiscal year 2018.

Shares of Constellation Brands were last seen up 7% at $172.72 on Thursday, with a consensus analyst price target of $178.06 and a 52-week trading range of $144.00 to $175.43.




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