Constellation Brands (STZ) Raises Quarterly Dividend 29% to $0.40; 1.1% Yield
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Go back to Constellation Brands (STZ) Raises Quarterly Dividend 29% to $0.40; 1.1% Yield
April 7, 2016 9:14 AM EDT
UBS reiterated a Neutral rating on Constellation Brands (NYSE: STZ), and raised the price target to $173.00 (from $162.00), following the company's 4Q earnings report. STZ reported 4Q EPS of $1.19, coming in ahead of consensus estimates of $1.15. UBS believes that the company can... More
April 6, 2016 7:22 AM EDT
(Updated - April 6, 2016 7:24 AM EDT)
Constellation Brands (NYSE: STZ) reported Q4 EPS of $1.19, $0.04 better than the analyst estimate of $1.15. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.52 billion.
"It has proved to be another dynamic year of significant accomplishments and impressive financial results for Constellation," said Rob Sands, president and chief executive officer, Constellation Brands. "In fiscal 2016, our beer business delivered industry-leading market results as the #1 growth contributor in the U.S. beer category, achieving stellar growth across the portfolio. We also acquired Ballast... More
