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MarketScreener Homepage  >  Equities  >  Nyse  >  Constellation Brands, Inc.    STZ

CONSTELLATION BRANDS, INC.

(STZ)
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Constellation Brands Expects FY22 EPS to Fall

04/08/2021 | 08:27am EDT

By Allison Prang

Constellation Brands Inc. Thursday said it expects beer sales to rise this fiscal year, wine and spirits sales to fall and earnings to decline.

The company said it expects beer sales to grow 7% to 9%, wine and spirits sales to fall 22% to 24% and wine and spirits organic sales to grow 2% to 4%.

The company said it is expecting earnings for the fiscal year of $6.90 to $7.20 a share, down from $10.23 a share for fiscal 2021. On a comparable basis not including Canopy, Constellation expects earnings of $9.95 to $10.25 a share.

Constellation said it plans to spend $1 billion to $1.1 billion on capital expenditures, mostly to grow its Mexico beer operations.

The company forecast $2.4 billion to $2.6 billion in operating cash flow and $1.4 billion to $1.5 billion of free cash flow.

The company said it expects $350 million to $360 million in interest expense and a tax rate of about 22%. It is expecting its comparable tax rate--excluding some items--to be about 19%, it said.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

04-08-21 0826ET

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Financials (USD)
Sales 2021 8 530 M - -
Net income 2021 1 984 M - -
Net Debt 2021 10 260 M - -
P/E ratio 2021 22,7x
Yield 2021 1,33%
Capitalization 43 293 M 43 293 M -
EV / Sales 2021 6,28x
EV / Sales 2022 6,23x
Nbr of Employees 9 000
Free-Float 71,5%
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Constellation Brands, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CONSTELLATION BRANDS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 254,10 $
Last Close Price 224,15 $
Spread / Highest target 29,4%
Spread / Average Target 13,4%
Spread / Lowest Target -3,64%
EPS Revisions
Managers and Directors
NameTitle
William A. Newlands President, Chief Executive Officer & Director
Garth Hankinson Chief Financial Officer & Executive Vice President
Robert S. Sands Executive Chairman
Lee Tussing Chief Information Officer & Senior Vice President
Tiffanie de Liberty Chief Compliance Officer, SVP-Wine & Spirits
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