Constellation Brands, Inc. (NYSE:STZ) will release earnings results for its first quarter, before the opening bell on Wednesday.
Analysts expect the Victor, New York-based company to report quarterly earnings at $3.46 per share, up from $2.91 per share in the year-ago period. Constellation is projected to post revenue of $2.68 billion for the quarter, according to data from Benzinga Pro.
On June 20, UBS analyst Peter Grom maintained Constellation with a Buy and lowered the price target from $320 to $315, while JPMorgan analyst Andrea Teixeira cut the price target from $296 to $291.
With the recent buzz around Constellation Brands, some investors may be eyeing potential gains from the company's dividends, too. As of now, Constellation Brands offers an annual dividend yield of 1.57%. That’s a quarterly dividend amount of $1.01 per share ($4.04 ...