Constellation Brands, Inc. (NYSE:STZ) will release earnings results for the second quarter, after the closing bell on Monday, Oct. 6.
Analysts expect the company to report quarterly earnings at $3.41 per share, down from $4.32 per share in the year-ago period. Constellation projects quarterly revenue of $2.48 billion, compared to $2.92 billion a year earlier, according to data from Benzinga Pro.
On Sept. 25, Wells Fargo analyst Chris Carey maintained Constellation Brands with an Overweight rating and cut the price target from $170 to $155.
With the recent buzz around Constellation, some investors may be eyeing potential gains from the company’s dividends too. As of now, Constellation offers an annual dividend yield of 3.03%, which is a semi-annual dividend amount of $1.02 per share ($4.08 a …