Thursday, April 9, 2015

Constellation Brands (STZ) Stock Lower in Pre-Market Trading Today Despite Earnings Beat

NEW YORK (TheStreet) -- Shares of Constellation Brands Inc. are down by 0.23% to $11.89 in pre-market trading on Thursday morning. The international alcoholic beverage company reported its fiscal 2015 fourth quarter earnings results, which came in higher than analysts had expected. For the most recent quarter Constellation Brands said its adjusted earnings were $1.03 per share versus the 94 cents per share analysts had forecast. Net sales for the fourth quarter grew by 5% to $1.36 billion, in-line with what analysts were expecting for the period. "We have completed another year of impressive results propelled by our Mexican beer business, which continues its incredible momentum and remains strongly positioned to generate ongoing sustainable growth. We outperformed the U.S. beer industry for the fifth consecutive year while achieving growth for every brand in our Mexican beer portfolio. And, our Nava brewery expansion is progressing as planned from a budget and timing of completion perspective," Constellation CEO Rob Sands said in a statement. Constellation also issued a quarterly dividend of 31 cents per share. Separately, TheStreet Ratings team rates CONSTELLATION BRANDS as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate CONSTELLATION BRANDS (STZ) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated." You can view the full analysis from the report here: STZ Ratings Report STZ data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015


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