Constellation Brands (STZ) Tops Q4 Earnings, Stock Up

Corona Extra is part of the Constellation Brands portfolio

In terms of the outlook for the coming fiscal year, the company expects to see EPS in the range of $7.65 to $7.95, net sales growth of 9% to 11% in the beer business, and a net sales decrease between 4% and 6% in the wine and spirits business. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Navellier & Associates Inc increased its position in shares of Constellation Brands by 686.8% in the third quarter.

Today analysts at Susquehanna Bancshares maintained Constellation Brands, Inc.'s (NYSE:STZ) shares as "Hold" in a report released to investors.

Sherman trade talk is 'real' on 'both sides — Seahawks GM
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The companies 50 day moving average is 160.21 and its 200 day moving average is 158.02.

Even with the good news, the company faces other challenges. Constellation Brands has $280 highest and $130 lowest target.

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STZ, a leading worldwide producer and marketer of beverage alcohol brands, released fourth-quarter fiscal 2017 results, wherein adjusted earnings of $1.48 a share surpassed the Zacks Consensus Estimate of 1.37. At present, 0 analysts call it Sell, while 7 think it is Hold. The Nasdaq composite rose 14 points, or 0.3 percent, to 5,878. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/04/06/constellation-brands-inc-stz-price-target-increased-to-220-00-by-analysts-at-pivotal-research.html. Constellation Brands now has an average rating of "Buy" and a consensus target price of $179.40. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Feb-Q adjusted EPS of $1.48, vs. $1.19, is $0.09 above our estimate. If you are accessing this story on another site, it was stolen and republished in violation of USA and worldwide trademark & copyright law. 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. 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.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, February 22nd.

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