Revenue Update on Constellation Brands(NYSE:STZ)

Constellation Brands(NYSE:STZ) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jun 30, 2016. Earnings per share were $1.54.

In a different note, On Apr 7, 2016, Goldman Sachs said it Maintains its rating on Constellation Brands. In the research note, the firm Raises the price-target to $170.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 7, 2016, Barclays said it Maintains its rating on Constellation Brands. In the research note, the firm Raises the price-target to $160.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 7, 2016, JP Morgan said it Maintains its rating on Constellation Brands. In the research note, the firm Raises the price-target to $162.00 per share. The shares have been rated ‘Neutral’ by the firm. Wells Fargo said it Initiates Coverage on Constellation Brands, according to a research note issued on Apr 5, 2016. The shares have been rated ‘Outperform’ by the firm.

Constellation Brands (STZ) made into the market gainers list on Tuesdays trading session with the shares advancing 1.40% or 2.29 points. Due to strong positive momentum, the stock ended at $165.9, which is also near the day’s high of $167. The stock began the session at $164.05 and the volume stood at 15,74,916 shares. The 52-week high of the shares is $167.91 and the 52 week low is $114.49. The company has a current market capitalization of $33,264 M and it has 20,05,09,140 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Keith E Wandell (director) sold 6,517 shares at $155.11 per share price.Also, On May 11, 2016, John A Wright (Exec. Vice President) sold 35,709 shares at $161.62 per share price.On May 10, 2016, James A Iii Locke (director) sold 2,836 shares at $160.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Constellation Brands Inc. is an international beverage alcohol company. The Company’s operating segments include Beer Wine and Spirits and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer wine and spirits) of beverage alcohol in the United States. The Company’s customers include wholesale distributors retailers on premise locations and government alcohol beverage control agencies. In the United States the Company operates 19 wineries using varieties of grapes grown in the Napa Sonoma Monterey and San Joaquin regions of California. It also operates eight wineries in Canada four wineries in New Zealand and five wineries in Italy. The Company’s Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge Alberta.

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