Constellation Brands Inc. (NYSE: STZ) will report its fiscal first-quarter financial results Wednesday before the markets open. The consensus estimates from Thomson Reuters call for $1.23 in earnings per share (EPS) on $1.62 billion in revenue. In the same period of last year, the beverage giant posted EPS of $1.07 and revenue of $1.53 billion.

The company is the world’s largest wine producer and a maker and marketer of spirits and beer. It owns the rights to brew and market Modelo Mexican beers (including Corona) in the United States. While providing some of the most popular beers among young drinkers, Constellation was said to be the most aligned with millennial tastes based on its deep and varied roster of wine brands.

Corona and the Mexican beer business completed the fiscal 2015 year with impressive results and continue to push forward with very strong momentum. This growth looks to be sustainable as well. Over the past five years, Constellation has outperformed the U.S. beer industry, while achieving growth for every brand in its Mexican beer portfolio.

In the past year, Constellation’s wine and spirits business achieved strong earnings growth and margin expansion, while delivering better-than-expected results for in the spirits portfolio.

Within the past quarter, the quarterly dividend was declared to be $0.31 per share of class A common stock and $0.28 per share of class B common stock. This was the first time a dividend was issued for common stock in the company’s history. The reasoning behind this was the strong and sustainable growth that Constellation sees going forward.

Shares of Constellation Brands were up 0.8% at $116.50 midday Tuesday. The stock has a consensus analyst price target of $128.47 and a 52-week trading range of $80.70 to $122.13.

ALSO READ: America’s Least Healthy Fast-Food Chains

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.