Constellation Brands, Inc’s (NYSE:STZ) quarterly earnings surpass Wall Street forecast and the company estimate strong results for the fiscal year, assisted by latest brands and boosted promotional expenditure.
The world’s biggest branded wine company, whose labels comprise Robert Mondavi and Ravenswood, reported on Friday that the company projected to earn in the range of $2.00 to $2.10 per share for the year. The company had prior estimates of $1.93 to $2.03.
On average, Thomson Reuters analysts anticipated a profit of $1.98 per share.
Chief Executive Officer of Constellation Brands Rob Sands on Friday reported that the deal is still set to done in the Q1 of calendar 2013.
Constellation’s net income move down to $125 million or 67 cents a share in the Q2 finished August 31, from $162.7 million or 76 cents a share in the previous year.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. BEAM Inc (NYSE:BEAM) fell -0.25% to settle at $59.27, Central European Distribution Corp (NASDAQ:CEDC) moved up +2.54% to end at $2.83 while Diageo plc (ADR) (NYSE:DEO) dropped -0.09% to finish at $115.91 on Friday.
Constellation Brands, Inc. (NYSE:STZ) last session’s volume of 4.60 million shares was surprisingly higher than its average volume of 2.48 million shares. The stock after opening at $35.35 hit high price of $36.50 and then closed at $36.20 by scoring +4.26%.
The liquidity measure in recent quarter results of the company was recorded 3.35 as current ratio and on the other side the debt to equity ratio was 1.49 and long-term debt to equity ratio remained at 1.43. The Company had total cash of $71.40 million at hand and a book value per share as $12.97 in the most recent quarter.
The stock’s price volatility was 2.71 % for a week and 2.32% for a month as well as price volatility’s Average True Range for 14 days was 0.82 and its beta remained at 1.14.
STZ generated revenue of $2.65 billion in the previous twelve months and earned $442.50 million. The Company showed a positive 16.67% in the net profit margin as well as in its operating margin which remained at 18.39%. Company’s annual sales growth for the past five years was -12.64%.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL