Top 10 International Stocks To Invest In Right Now: Constellation Brands Inc (STZ)
Constellation Brands, Inc. produces and markets alcoholic beverages primarily in the United States, Canada, and New Zealand. It offers wine, spirits, and imported beer. The company?s Constellation Wines North America segment produces, markets, and exports wine, as well as sells various wine brands across various categories, including table wine, sparkling wine, and dessert wine. It offers wine under various brands, which include Robert Mondavi Brands, Clos du Bois, Blackstone, Estancia, Arbor Mist, Toasted Head, Simi, Black Box, Ravenswood, Rex Goliath, Kim Crawford, Franciscan Estate, Wild Horse, Ruffino, Nobilo, Mount Veeder, Inniskillin, and Jackson-Triggs; and spirits under various brands, including SVEDKA Vodka, Black Velvet Canadian Whisky, and Paul Masson Grande Amber Brandy. This segment also produces and markets wine kits and beverage alcohol refreshment drinks in Canada. The company?s Crown Imports segment imports, markets, and sells beer under the Modelo Brands, which include Corona Extra, Corona Light, Coronita, Modelo Especial, Pacifico, Negra Modelo, and Victoria, as well as the St. Pauli Girl and Tsingtao brands in the United States. The company sells its products through wholesale distributors, as well as state and provincial alcoholic beverage control agencies in North America; and directly to retailers or through wholesalers and importers in New Zealand. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.
Advisors' Opinion:- [By Alex Dumortier, CFA]
Constellation Brands earnings
Beer and spirits company Constellation Brands (NYSE: STZ ) reported results this morning for the quarter ended May 31. Although the company "missed" with earnings per share of $0.38 (ex-items) against a consensus estimate, investors appear to be shrugging it off. That may have something to do with the fact that the company raised! its guidance slightly for 2014 to $2.60-$2.90 from $2.55-$2.85 (although it should be mentioned that this increase has nothing to do with operational improvements or an improved sales forecast, but rather with lower expected interest expense). - [By Monica Gerson]
Constellation Brands (NYSE: STZ) is expected to report its Q1 earnings at $0.93 per share on revenue of $1.43 billion.
The Greenbrier Companies (NYSE: GBX) is projected to report its Q3 earnings at $0.74 per share on revenue of $571.07 million.
- [By Sue Chang and Saumya Vaishampayan]
$STZ: Constellation Brands Inc. (STZ) shares recovered to trade up 0.3%. The alcoholic beverages company, which owns beer brands including Corona and Modelo, notched its all-time closing high of $62.99 on Friday, according to FactSet.
- [By Rich Duprey]
Yet wine producers are facing some significant challenges these days. Constellation Brands (NYSE: STZ ) , the largest wine producer in the world and the biggest premium wine producer in the U.S. with more than $1.7 billion in annual sales,is only expecting growth to match the rise in the overall industry of the mid-single digits. It's actually looking for the Modelo beer business that it acquired from Anheuser-Busch InBev to drive its growth in the future.
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/top-10-international-stocks-to-invest-in-right-now.html
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