Equities research analysts expect Monster Beverage Corp (NASDAQ:MNST) to report earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Monster Beverage’s earnings, with estimates ranging from $0.52 to $0.57. Monster Beverage posted earnings of $0.50 per share during the same quarter last year, which indicates a positive year over year growth rate of 10%. The firm is expected to report its next earnings report on Wednesday, November 6th.
On average, analysts expect that Monster Beverage will report full year earnings of $2.05 per share for the current year, with EPS estimates ranging from $1.99 to $2.12. For the next year, analysts expect that the company will post earnings of $2.27 per share, with EPS estimates ranging from $2.20 to $2.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Monster Beverage.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, August 7th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.03). Monster Beverage had a net margin of 26.58% and a return on equity of 28.10%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $0.48 earnings per share. Monster Beverage’s quarterly revenue was up 8.7% compared to the same quarter last year.
MNST has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Monster Beverage from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Macquarie set a $63.00 price target on shares of Monster Beverage and gave the company a “hold” rating in a report on Friday, May 3rd. Wells Fargo & Co lifted their price target on shares of Monster Beverage from $56.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, May 29th. BidaskClub lowered shares of Monster Beverage from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Monster Beverage from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $65.21.
MNST stock opened at $56.95 on Tuesday. Monster Beverage has a 12 month low of $47.74 and a 12 month high of $66.38. The firm has a market cap of $31.62 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.98 and a beta of 1.30. The company’s 50-day moving average price is $63.30 and its two-hundred day moving average price is $60.52.
In related news, insider Guy Carling sold 24,000 shares of Monster Beverage stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.82, for a total transaction of $1,579,680.00. Following the sale, the insider now directly owns 33,535 shares of the company’s stock, valued at approximately $2,207,273.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Schmidt P J Investment Management Inc. boosted its position in Monster Beverage by 3.2% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,168 shares of the company’s stock worth $330,000 after buying an additional 159 shares during the period. Raymond James Trust N.A. boosted its position in Monster Beverage by 3.1% during the 2nd quarter. Raymond James Trust N.A. now owns 5,579 shares of the company’s stock worth $356,000 after buying an additional 169 shares during the period. Motco boosted its position in Monster Beverage by 47.1% during the 2nd quarter. Motco now owns 534 shares of the company’s stock worth $34,000 after buying an additional 171 shares during the period. Veritable L.P. boosted its position in Monster Beverage by 1.5% during the 2nd quarter. Veritable L.P. now owns 12,748 shares of the company’s stock worth $814,000 after buying an additional 186 shares during the period. Finally, Stone Ridge Asset Management LLC boosted its position in Monster Beverage by 1.0% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 19,888 shares of the company’s stock worth $1,269,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 66.21% of the company’s stock.
About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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