UBS Raises Price Target on Constellation Brands (STZ) Following 4Q Earnings Report

Notable 52-Week Highs and Lows 4/6: (AYI) (STZ) (TRXC) High; (JCAP) (DRYS) Low

April 6, 2016 3:33 PM EDT

52-Week High:Acuity Brands (NYSE: AYI) $254.55. Acuity Brands gaining after it reported Q2 EPS of $1.80, which was $0.29 better than the analyst estimate of $1.51. Revenue for the quarter came in at $777.8 million versus the consensus estimate of $752.26... More

Constellation Brands' (STZ) Price Target Raised to $200 at Pivotal Research

April 6, 2016 1:48 PM EDT

Pivotal Research maintained a Buy rating on Constellation Brands (NYSE: STZ) and raised its price target to $200.00 (from $185.00). The change follows strong Q4 results.

Analyst Timothy S. Ramey said Constellation Brands continues to perform at "extraordinary levels."

"This analysts first report on what was then, Canandaigua Brands, was in June 1999 with the company at an $850 million market capitalization (split adjusted... More

Notable Mergers and Acquisitions 4/6: (STZ) (MTSC) (INCY) (VZ)

April 6, 2016 9:44 AM EDT

*** Constellation Brands (NYSE: STZ) announced an agreement to acquire The Prisoner Wine Company brands, a fast-growing, super-luxury portfolio of five highly rated wine brands that have grown volumes at an annual rate of 30% over the last three years to reach 175,000 cases in 2015. "This acquisition aligns with our portfolio premiumization strategy, enables us to capitalize on U.S. market trends that favor high-end wine brands and strengthens our position in the dynamic and margin enhancing super-luxury wine category," said Sands. The cash paid at closing for the deal is expected to approximate... More

Pre-Open Stock Movers 04/06: (PLCM) (AYI) (SRPT) Higher; (CREE) (TROX) (MAT) Lower (more...)

April 6, 2016 9:29 AM EDT

Cree, Inc. (Nasdaq: CREE) 18% LOWER; announced preliminary estimates of financial results for its third fiscal quarter ended March 27, 2016. Revenue for the quarter is estimated to be approximately $367 million, with earnings estimated to be ($0.01) loss to $0.01 per diluted share on a GAAP basis, and $0.13 to $0.15 per diluted share on a non-GAAP basis. These preliminary financial results are subject to completion of the Companys customary quarterly closing and review procedures. *** The Street sees Q3 revenue of $414 million and EPS of $0.24.

... More

Constellation Brands (STZ) Raises Quarterly Dividend 29% to $0.40; 1.1% Yield

April 6, 2016 7:25 AM EDT

Constellation Brands (NYSE: STZ) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 29% increase from the prior dividend of $0.31.

The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6,... More

Constellation Brands (STZ) Tops Q4 EPS by 4c; Announces Acquisition of The Prisoner Wine Company

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

Trading Radar for 4/6: Monsanto (MON), Acuity Brands (AYI), Constellation Brands (STZ), Schnitzer Steel (SCHN) Report

April 5, 2016 2:15 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

Earnings:

Acuity Brands (NYSE: AYI) - consensus EPS $1.51... More

Wells Fargo Starts Constellation Brands (STZ) at Outperform

April 5, 2016 7:36 AM EDT

Wells Fargo initiated coverage on Constellation Brands (NYSE: STZ) with an Outperform rating.

For an analyst ratings summary and ratings history on Constellation Brands click here. For more ratings news on Constellation Brands click here.

Shares of Constellation Brands closed at $151.47 yesterday.

... More