STZ - Constellation Brands, Inc.
| Previous Close | 197.29 |
| Open | 197.13 |
| Bid | 197.38 x 1100 |
| Ask | 197.57 x 900 |
| Day's Range | 196.00 - 198.60 |
| 52 Week Range | 150.37 - 227.35 |
| Volume | 802,009 |
| Avg. Volume | 1,072,332 |
| Market Cap | 37.697B |
| Beta (3Y Monthly) | 1.12 |
| PE Ratio (TTM) | 49.34 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.00 (1.52%) |
| Ex-Dividend Date | 2019-08-12 |
| 1y Target Est | N/A |
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Will Coca-Cola's Product Expansion Stimulate Growth in the Remainder of Fiscal 2019?
Coca-Cola (KO) is set to report their third quarter results before the opening bell on Friday, October 18th.
- Market Realist
Cannabis Scandal Radar: Is Tilray Next?
Scandals have engulfed the sector many times, especially for CannTrust, Curaleaf, and Hexo. Could Tilray be next on the cannabis scandal radar?
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Canopy Growth: Constellation’s Presence Can’t Be Ignored!
On Thursday, Canopy Growth announced that Constellation’s CFO David Klein will be the new chairman of its board effective immediately.
- Zacks
Know the Molson Coors (TAP) Stock In and Out Before You Invest
Molson Coors (TAP) gains from the solid brand portfolio and premiumization efforts as well as cost-saving initiatives and innovations. But soft beer demand and higher input costs remain deterrents.
- Market Realist
Canopy Growth: Good Investment for Constellation Brands?
Despite the losses, Constellation Brands still has an optimistic outlook for Canopy Growth. The company is happy with Canopy Growth’s progress.
- Yahoo Finance Canada
Is Sean 'Diddy' Combs getting into the cannabis business?
Sean “Diddy” Combs said he expects to cross paths soon with former Combs Enterprises president Dia Simms, now head of a new cannabis-focused branding and distribution firm.
- Zacks
Jobs Report Brings 1.4% Gains to End a Crazy Week
Jobs Report Brings 1.4% Gains to End a Crazy Week
- Thomson Reuters StreetEvents
Edited Transcript of STZ earnings conference call or presentation 3-Oct-19 2:30pm GMT
Q2 2020 Constellation Brands Inc Earnings Call
- Market Exclusive
Market Morning: Lam Cracks Down, Alibaba FlyZoo Hotel, Seltzer Spiked, HP Cuts
She Won’t Go Like a Lam To the Slaughter Hong Kong’s Beijing-appointed chief executive Carrie Lam has invoked emergency powers that allow her to, among other things, insist that protesters stop wearing masks, so as to be able to identify them later in order to arrest them. The protesters who are wearing the masks aren’t […]The post Market Morning: Lam Cracks Down, Alibaba FlyZoo Hotel, Seltzer Spiked, HP Cuts appeared first on Market Exclusive.
- Zacks
Constellation Shares Tumble as Cannabis Investment Hinders Q2 Earnings
Constellation Brands (STZ) released Q2 earnings before the opening bell.
- Market Realist
Cannabis Roundup: STZ, CURLF, MMNFF, and ACB
Today, the US markets were trading in the green on the expectation of rate cuts. The cannabis ETFs and the majority of cannabis stocks were also up today.
- Zacks
More U.S. Tariffs, October Economic Worries and a New Strong Buy Stock - Free Lunch
Another round of worrisome U.S. economic data, this time from the services sector. President Trump and the U.S. are set to roll out new tariffs on the EU. A look at PepsiCo (PEP) and others. And why Crocs is a Zacks Rank 1 (Strong Buy) stock.
- The Canadian Press
Constellation Brands' Q2 earnings weighed down by Canopy Growth losses
Constellation Brands Inc. is "pleased" with Canopy Growth Corp.'s progress even though the alcohol giant's latest quarterly results were weighed down by millions in losses and a writedown in connection with its significant stake in the cannabis producer.Chief executive Bill Newlands' positive tone is a change from comments on Canopy made during its previous quarter that preceded the ousting of Canopy co-founder and co-chief executive Bruce Linton in July.He told analysts Thursday that Constellation was "looking forward" to the launch of next-generation cannabis products in Canada in the coming months, "when Canopy will unveil their portfolio of value-added higher-margin products," including drinks, edibles and vapes.Newlands added that Canopy's team in the U.S. has been "actively developing" its range of CBD products and related market plans, and has been working to secure the production resources needed to have these items in the U.S. market by the end of the cannabis company's fiscal year on March 31, 2020."New CBD product offerings include skin care and cosmetics, therapeutic creams, beverages, edibles, oils and softgels," he said on a conference call. "Overall, we're pleased with the progress of the Canopy team and what they have done in the last few months."The U.S.-based producer of Corona beer reported a loss per share of US$2.77 or earnings of US$2.72 per share on an adjusted basis for what was the second quarter of its 2020 financial year. That surpassed the US$2.60 per share in earnings expected by analysts, said the financial markets data firm Refinitiv.Constellation, which is Canopy's largest shareholder, said it earned US$2.91 per share on a comparable basis, excluding the pot producer's equity losses.Constellation recognized a total loss of US$484.4 million in the quarter as its share of Canopy Growth's equity losses and related activities, or a loss of US$54.7 million on a comparable basis.It also recognized a US$839-million decrease in the fair value of its Canopy investments during the quarter ended Aug. 31. Constellation also noted that it has recognized a US$757-million unrealized net gain on a reported basis since its initial Canopy investment in November 2017.Constellation's shares in New York closed down about six per cent to US$194.26, up from as low as US$191.02. Canopy shares gained $1.81 or 6.2 per cent to $31.14 in trading on the Toronto Stock Exchange.Constellation's latest financial results are the first since the Modelo beer maker said in June that it was not pleased with the pot producer's earnings in which it reported a wider-than-expected fourth-quarter net loss attributable to shareholders despite a jump in revenue."However, we continue to aggressively support Canopy on a more focused, long-term strategy to win markets and form factors that matter while paving a clear path to profitability," Newlands told analysts in June. In August, Canopy reported a $1.28-billion loss or $3.70 per share for the three months ended June 30, mainly due to a non-cash loss of $1.18 billion on the extinguishment of warrants held by Constellation.Constellation says it recognizes its earnings or losses in connection with Canopy on a two-month lag. Newlands also said Thursday that he was "excited" to see that the U.S. House of Representatives recently passed the SAFE Banking Act with a wide majority. The bill, which still requires additional approvals, would grant legal cannabis businesses at the state level access to banking in the U.S., where pot remains an illegal substance at the federal level.Canopy has struck a deal to acquire U.S. cannabis company Acreage Holdings and enter the U.S. market, once federally permissible."While this bill also needs senate approval, it would deliver access to traditional banking services to thousands of legal cannabis businesses in the U.S. and shows positive momentum in the legalization debate moving forward," Newlands said.This report by The Canadian Press was first published Oct. 3, 2019.Companies in this story: (TSX:WEED)Armina Ligaya, The Canadian Press
- Zacks
Constellation Brands (STZ) Beats on Q2 Earnings, Updates View
Constellation Brands (STZ) posts robust second-quarter fiscal 2020 results. Further, it revises earnings view for the fiscal year.
- Yahoo Finance
PepsiCo not yet ready to get into surging cannabis beverage market: CFO
PepsiCo continues to evaluate cannabis-infused drinks, says the company's chief financial officer.
- Yahoo Finance
Constellation weighed down by Canopy, Weak quarter at Bed Bath & Beyond, Uber launches marketplace for temps
Constellation Brands, Bed Bath and Beyond, Uber, Apple and GoPro are the companies to watch.
- Zacks
Is the Options Market Predicting a Spike in Constellation Brands (STZ) Stock?
Investors need to pay close attention to Constellation Brands (STZ) stock based on the movements in the options market lately.
- Investing.com
Stocks - Wall Street Flat to Lower at Open; ISM Data on Tap
Investing.com - Wall Street opened flat to lower on Thursday, following a seep selloff in the previous two sessions as investors eyed services sector data due later in the day amid concerns over the deepening impact of global trade tensions on the U.S. economy.
- Investing.com
Stocks: GoPro, Tesla Fall in Premarket, Pepsi Fizzes
Investing.com -- Stocks in focus in premarket trading on Thursday.
- Zacks
Alibaba, Bonanza Creek Energy, Constellation Brands and Canopy Growth highlighted as Zacks Bull and Bear of the Day
Alibaba, Bonanza Creek Energy, Constellation Brands and Canopy Growth highlighted as Zacks Bull and Bear of the Day
- Zacks
Constellation Brands (STZ) Q2 Earnings and Revenues Beat Estimates
Constellation Brands (STZ) delivered earnings and revenue surprises of 4.21% and 0.11%, respectively, for the quarter ended August 2019. Do the numbers hold clues to what lies ahead for the stock?
- Zacks
Should You Invest in the Invesco DWA Consumer Staples Momentum ETF (PSL)?
Sector ETF report for PSL
- Yahoo Finance
PepsiCo, Constellation Brands, Costco earnings — What to know in markets Thursday
PepsiCo, Constellation Brands and Costco take the spotlight Thursday when they report earnings.
- Investing.com
U.S. Stock Futures Point to Slightly Higher Open after Selloff
Investing.com - U.S. stock futures pointed to a slightly higher open on Thursday as Wall Street's main indexes attempted to stage a recovery in the wake of their sharpest one-day decline in almost six weeks a day earlier.
