Analysts expect the company to report quarterly earnings at $2.64 per share, down from $3.25 per share in the year-ago period. The consensus estimate for Constellation’s quarterly revenue is $2.16 billion, up from $2.46 billion a year earlier, according to data from Benzinga Pro.
On Dec. 17, Jefferies analyst Kaumil Gajrawala downgraded Constellation Brands from Buy to Hold and lowered the price target from $170 to $154.
With the recent buzz around Constellation Brands, some investors may be eyeing potential gains from the company’s dividends too. As of now, Constellation offers an annual dividend yield of 2.96%, which is a quarterly dividend amount of $1.02 …