Constellation Brands Reports Third Quarter Fiscal 2018 Results
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Constellation Brands (STZ) PT Raised to $250 at SunTrust Robinson Humphrey Following 3Q
January 8, 2018 8:03 AM ESTSunTrust Robinson Humphrey raised its price target on Constellation Brands (NYSE: STZ) to $250.00 (from $230.00) while maintaining a Buy rating following the company's 3Q results. SunTrust raised FY18 and FY19 EPS estimates to $8.49 and $9.62 (from $8.38 and $9.34) and initiated a FY20 EPS estimate of $11.15.
For... More
Constellation Brands (STZ) PT Raised to $258 at Cowen Following 3Q
January 5, 2018 2:27 PM ESTCowen raised its price target on Constellation Brands (NYSE: STZ) to $258.00 (from $243.00) while maintaining a Outperform rating following the company's 3Q earnings report. STZ posted another strong quarter, with 9% beer depletion growth, despite a sluggish category backdrop.
While the beer category continues to post... More
Constellation Brands (STZ) Tops Q3 EPS by 11c, Raises FY EPS Guidance
January 5, 2018 7:34 AM EST(Updated - January 5, 2018 7:41 AM EST)
Constellation Brands (NYSE: STZ) reported Q3 EPS of $2.00, $0.11 better than the analyst estimate of $1.89. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.87 billion.
Board of Directors authorizes new $3 billion share repurchase program; $308 million... More