STZ - Constellation Brands, Inc.
| Previous Close | 131.22 |
| Open | 135.01 |
| Bid | 131.50 x 1400 |
| Ask | 132.09 x 1100 |
| Day's Range | 125.61 - 135.01 |
| 52 Week Range | 104.28 - 214.48 |
| Volume | 3,266,663 |
| Avg. Volume | 1,951,142 |
| Market Cap | 25.278B |
| Beta (5Y Monthly) | 0.77 |
| PE Ratio (TTM) | 30.65 |
| EPS (TTM) | 4.31 |
| Earnings Date | Jun. 25, 2020 - Jun. 29, 2020 |
| Forward Dividend & Yield | 3.00 (2.29%) |
| Ex-Dividend Date | Feb. 09, 2020 |
| 1y Target Est | 190.94 |
- Thomson Reuters StreetEvents
Edited Transcript of STZ earnings conference call or presentation 3-Apr-20 3:30pm GMT
Q4 2020 Constellation Brands Inc Earnings Call
- Bloomberg
Cinco de Mayo Could Lack Corona if Mexico Shutters Breweries
(Bloomberg) -- It may be tough to find enough Corona beer for Cinco de Mayo house parties - if that will even be a thing in 2020.Mexico’s Grupo Modelo, the maker of Corona beer that’s owned by Anheuser-Bush InBev, said late Thursday that it had started shutting down production at its breweries in Mexico and would stop sales entirely by Sunday in order to comply with the government’s coronavirus emergency protocol, which didn’t identify beer production as essential.On Friday, President Andres Manuel Lopez Obrador said his government was reviewing which types of factories would be considered essential, and said the final decision would be made by health officials. Modelo said it would guarantee beer supply with 75% of its workers operating from their homes, if the government gives it the go-ahead to keep running.Mexico declared a national health emergency on Monday, but its March 31 notice calling for a halt to non-essential activities for a month has sown uncertainty. The government’s ruling on whether it may allow an exception for beer and alcohol production could weigh on global brewers and spirits producers, Credit Suisse analyst Kaumil Gajrawala said in an April 2 note.Constellation Brands sank this week on concerns it would have to shutter its breweries but on Friday the company suggested Cinco de Mayo parties in the U.S. would be safe.Chief executive officer Bill Newlands said its Mexico plants are still operating and that the company had 70 days of inventory that will guarantee no disruption with retailers. “We expect to have no disruption in our ability to produce product and deliver it to retail,” Newlands said in a conference call with analysts.Constellation makes Corona and Modelo brands for export to the United States, while Grupo Modelo produces the beers for the rest of the world. Heineken, which makes Mexican beers Dos Equis and Tecate, told Credit Suisse it was preparing to suspend production, but that it was making a case to the government that barley growers would be hit.Heineken shares shed around 7% the past three days, Constellation was down nearly 8% and AB InBev slipped about 2%.Citigroup analyst Simon Hales said in a note that Mexico’s market is ABInBev’s 4th biggest and Heineken’s largest global market. Bloomberg Intelligence analyst Kenneth Shea said Constellation sources nearly all of its beer from Mexico.“A potential extended beer plant shutdown in Mexico would be devastating to the company, as its beer sales account for about two-thirds of it sales,” Shea said.Since Wednesday, videos circulated in social media of lines of cars lined up at drive thru beer stores in Mexico’s north. Another showed lines of shoppers with carts filled to the brim with cases of Corona beer. There were rumors that states would impose dry laws, as is done during elections in Mexico. President Lopez Obrador’s home state of Tabasco banned alcohol sales this week.Lopez Obrador said on Friday that local governments could make their own decisions, but he pointed out that “panic beer buying” was creating crowds that could risk further contagion.Tequila makers such as Jose Cuervo maker Becle SAB and Don Julio owner Diageo Plc look to be safe after the state of Jalisco deemed their production essential, citing farm workers that depend on them.Meanwhile, beer companies are lobbying the Mexican government. Modelo said 800,000 small stores depend on beer sales for 40% of revenues, while 15,000 farm families benefit from barley crops.Lopez Obrador angered the country’s business leaders late last month after he backed a local referendum to deny permits to a partly-built Constellation plant in the Mexican border town of Mexicali. The president met with company executives this week and Newlands said the company had held productive talks that will lead to a favorable solution, but he declined to share details.(Updates with Constellation CEO comments in paragraph 6 and 15 and analyst comment in paragraphs 9-10)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Constellation Brands (STZ) Tops Q4 Earnings & Sales Estimates
Constellation Brands (STZ) reports strong fourth-quarter fiscal 2020 results, driven by continued strength in the beer business and gains in the wine & spirits segment.
- ACCESSWIRE
Constellation Brands, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / April 3, 2020 / Constellation Brands, Inc. (NYSE:STZ) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on April 3, 2020 at 11:30 ...
- Zacks
Constellation Brands (STZ) Q4 Earnings and Revenues Top Estimates
Constellation Brands (STZ) delivered earnings and revenue surprises of 27.16% and 3.50%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
CONSTELLATION BRANDS REPORTS FISCAL YEAR AND FOURTH QUARTER 2020 RESULTS AND FISCAL YEAR 2021 OUTLOOK
VICTOR, N.Y., April 03, 2020 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2020.
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The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC
The Zacks Analyst Blog Highlights: UBER, ZM, MSFT, STZ and CGC
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Booze Takes The Edge Off The Coronavirus
Alcohol sales are flying this month and online delivery services are a primary catalyst
- Zacks
Buy Corona Maker Constellation (STZ) Stock Before Q4 Earnings Amid Surge?
Constellation Brands (STZ) shares have surged 40% in the last week. So now might be time for investors to consider buying the Corona beer maker's stock before it reports its Q4 fiscal 2020 results on Friday, April 3...
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JPMorgan, Wells Fargo, Walgreens, Constellation Brands and Nike are part of Zacks Earnings Preview
JPMorgan, Wells Fargo, Walgreens, Constellation Brands and Nike are part of Zacks Earnings Preview
- Zacks
Factors Influencing Constellation Brands' (STZ) Q4 Earnings
Constellation Brands' (STZ) fourth-quarter fiscal 2020 results are likely to reflect gains from the robust corona beer business, innovation pipeline and strong depletion growth.
- Zacks
Constellation Brands (STZ) Expected to Beat Earnings Estimates: Should You Buy?
Constellation Brands (STZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
CONSTELLATION BRANDS REVISES TIMING OF CONFERENCE CALL BY ONE HOUR TO REPORT FULL FISCAL YEAR AND FOURTH QUARTER 2020 FINANCIAL RESULTS; APRIL 3, 2020
VICTOR, N.Y., March 26, 2020 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its.
- Yahoo Finance
Coronavirus could accelerate US cannabis legalization
States like New York will see significant revenue shortfalls due to coronavirus. Legalizing cannabis could make up for a quarter of the losses, which could help push legislation forward.
- GlobeNewswire
CONSTELLATION BRANDS PARTNERS WITH ITS FLAGSHIP BRANDS TO COMMIT MORE THAN $2.5 MILLION TO COVID-19 RELIEF EFFORTS
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, in partnership with a number of its iconic beer, wine, and spirits brands, announced today a collective commitment of more than $2.5 million to COVID-19 relief efforts. “Our hearts go out to the many individuals and businesses impacted by this terrible virus,” said Bill Newlands, president and chief executive officer, Constellations Brands.
- Bloomberg
Mexico’s President Pushes Relations with Business to Boiling Point
(Bloomberg) -- Mexican President Andres Manuel Lopez Obrador’s relationship with the country’s business elite is rapidly deteriorating over the response to coronavirus and his decision to back a local referendum to shutter a partly built $1.5 billion beer plant just as the economy is on the edge of a precipice.On Monday, Lopez Obrador backed a weekend public consultation where the population of Mexicali, on Mexico’s northern border, voted to revoke operating licenses from a Constellation Brands Inc. brewery. The president justified the cancellation saying he needs to “listen to the people” even though participation was just under 5% of registered voters.Business leaders say it’s a self-inflicted wound that will deter investment into Mexico amid a global market rout that has sunk the peso to a record low. The Consejo Coordinador Empresarial, the country’s top business lobby group known as the CCE, slammed the government’s position in its harshest language used yet against the Lopez Obrador administration.“The signal that Mexico sends to the world is that the law is not respected here, and that there is no guarantee whatsoever for those seeking to invest, generate employment and development in our country,” the CCE said in a statement.Constellation Brands sells Corona and Modelo beer in the U.S. market. In the rest of the world, those brands are owned by Anheuser-Busch InBev NV. Criticism of the plant has centered around the use of water in the extremely arid region and the optics of using that resource for a product that’s then exported. Lopez Obrador’s top water official has said, however, there’s enough water to support the plant.MEXICO INSIGHT: Already Weak Economy Vulnerable to Virus ShockThe relationship between AMLO, as the president is known, and Mexico’s business community is complicated, even if both sides have generally strived for a conciliatory tone. A populist who spent all his political career decrying the rich and powerful, Lopez Obrador won in a landslide election on a promise to break up crony capitalism and put Mexico’s poor first while keeping the nation’s longstanding pro-business stance.The harsh rebuttal marks a potential fracture to the entente seen in the first 16 months of the new government. The CCE, led by Carlos Salazar, has become one of the main intermediaries between business leaders and Mexico’s president.In a video press conference on Wednesday, Salazar said there was no “rupture” with the government. The vote, however, had been a “totally mistaken exercise” and there were signs government officials had mobilized votes against the project, he said.‘Reputational Damage’“On all fronts, the vote was illegal,” Gustavo de Hoyos, head of another business group called Coparmex, said during the same conference. “The biggest damage is the reputational damage to the country.”The plant cancellation adds to the president’s pattern of putting political ends over property rights, even it there may be adverse economic effects. Lopez Obrador canceled a partly built $13 billion airport even before taking power in December 2018. He then challenged private sector gas pipeline projects, an issue that was later settled after negotiations with companies. His government has also said it could cut subsidies from private solar and wind parks, an issue that remains outstanding.“Just when you think the Mexican president is ready to make the right decisions for the long-term prosperity of the Mexican people, he shows you how incredibly stubborn he can be,” said Duncan Wood, director of the Wilson Center’s Mexico Institute in Washington.“The spillover effect of the Constellation Brands project is going to be huge,” Wood said. “This is just gonna frighten investors even more than they have been already.”Lopez Obrador’s press office didn’t respond to a request for comment. Earlier Wednesday, Lopez Obrador suggested there may have been wrongdoing involved in the beer factory’s permits, adding that he was not concerned about driving off investment.Constellation Brands CEO Bill Newlands said in a statement on Tuesday that the company “will continue working with local authorities, government officials and members of the community on next steps related to our brewery construction project in Mexicali and options elsewhere in Mexico.”No StimulusLopez Obrador has also been criticized recently by business leaders over his handling of the coronavirus crisis and his refusal to implement stimulus plans to boost a plunging economy. This is a departure from other governments around the world that are rushing to shore up confidence as the virus has killed thousands and disrupted daily life for billions of people.Mexico is facing widespread bankruptcies amid small- and medium-sized firms if it doesn’t offer a more robust plan to support them as parts of the economy shut down, said a former top government official from the previous administration who now represents the private sector. He requested anonymity in order not to disrupt talks with the government.The economy is now seen shrinking 3% this year after a small contraction in 2019, with some analysts warning that the slump could mirror that of the so-called Tequila crisis in the mid-90s, when a currency devaluation sparked capital flight, tanking the nation’s economy and wiping out savings.Carlos Serrano, chief economist for BBVA Mexico, said the Constellation Brands vote was a “worse sign for investment than the cancellation of the airport itself.” Serrano said in a video conference on Wednesday a poor response by the government could deepen the coming recession.Business leaders have become increasingly concerned by the president’s tone in recent days. Instead of a coordinated response from Lopez Obrador’s government -- as seen in Latin American peers like Chile -- they received a lecture earlier this week from Mexico’s president about how there would be no bailouts or tax forgiveness for the private sector during this crisis, as Mexico’s previous “neoliberal” governments had done.“They want us to throw around spending like in the past. Every time there was an emergency: throw money. No, we have to take care of the budget,” Lopez Obrador said Wednesday, repeating his austerity stance. He did say he would offer low or no-interest loans to small businesses.Read More: Mexico President Rules Out Company Bailouts, Requesting IMF Line“We need coordination from authorities,” said Carlos Gonzalez, head of research at Mexican brokerage Monex. “What we have are disjointed actions.”(Adds comments from business leaders in paragraph 7, Constellation Brands statement in paragraph 12 and economist’s comment in paragraph 17)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- GlobeNewswire
CONSTELLATION BRANDS REINFORCES STRENGTH OF ITS BREWERY PRODUCTION FOOTPRINT IN MEXICO
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, today responded to the outcome of a recent public consultation in Mexicali, Baja California (Mexico) which voiced opposition to the company’s plans to build a new brewery in the city. “We will continue working with local authorities, government officials and members of the community on next steps related to our brewery construction project in Mexicali and options elsewhere in Mexico,” said Bill Newlands, president and chief executive officer at Constellation Brands. Since 2013, Constellation has made significant investments in its production operations throughout Mexico to support the robust growth of its import beer business.
- GlobeNewswire
CONSTELLATION BRANDS COMMENTS ON RECENT U.S. BORDER CLOSURES AND MARKET TRENDS
Constellation Brands, Inc. (NYSE:STZ and STZ.B), a leading beverage alcohol company, today commented on the impact of recent northern and southern border closures in the U.S. and impact of the COVID-19 virus on U.S. market trends. “Our hearts go out to those impacted by this terrible virus,” said Bill Newlands, president and chief executive officer at Constellation Brands. “Now, more than ever, it is imperative that the public and private sectors in the U.S. and both countries work together to keep residents safe and healthy, while continuing to support our global economy, supply chain, and the many jobs our respective citizens depend on to make ends meet.”
- Simply Wall St.
A Sliding Share Price Has Us Looking At Constellation Brands, Inc.'s (NYSE:STZ) P/E Ratio
Unfortunately for some shareholders, the Constellation Brands (NYSE:STZ) share price has dived 40% in the last thirty...
- The Motley Fool
2 Pot Stocks That Can Survive the Coronavirus Crash
Pot stocks like Cronos Group Inc (TSX:CRON)(NASDAQ:CRON) have a major advantage that few competitors possess.The post 2 Pot Stocks That Can Survive the Coronavirus Crash appeared first on The Motley Fool Canada.
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The Zacks Analyst Blog Highlights: Constellation Brands, MVC Capital, DICK'S Sporting Goods, Bloomin' Brands and DRDGOLD
The Zacks Analyst Blog Highlights: Constellation Brands, MVC Capital, DICK'S Sporting Goods, Bloomin' Brands and DRDGOLD
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Buy 5 Top Low-Beta High-Yielding Stocks Amid Severe Volatility
With market participants unable to estimate the extent and impact of the coronavirus crisis have begun panic selling off of risky assets like equities.
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6 Consumer Staple Stocks to Withstand Virus-Induced Disturbances
A few consumer staple stocks have witnessed upward estimate revisions for 2020 earnings per share (EPS) during the past 30 days amid the coronavirus pandemic.
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STZ vs. DEO: Which Stock Should Value Investors Buy Now?
STZ vs. DEO: Which Stock Is the Better Value Option?
- GlobeNewswire
Constellation Brands to Report Full Fiscal Year and Fourth Quarter 2020 Financial Results; Host Conference Call April 3, 2020
VICTOR, N.Y., March 04, 2020 -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its.
