Monster Beverage Corp (NASDAQ:MNST) Expected to Post Earnings of $0.47 Per Share

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Wall Street analysts expect that Monster Beverage Corp (NASDAQ:MNST) will post earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Monster Beverage’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.49. Monster Beverage reported earnings per share of $0.43 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The business is expected to issue its next quarterly earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Monster Beverage will report full year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.06. For the next fiscal year, analysts anticipate that the business will report earnings of $2.25 per share, with EPS estimates ranging from $2.19 to $2.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Monster Beverage.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Monster Beverage had a net margin of 26.58% and a return on equity of 28.23%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.48 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis.

A number of analysts recently commented on the company. UBS Group reaffirmed a “sell” rating and issued a $52.00 price target (down previously from $53.00) on shares of Monster Beverage in a research note on Thursday, August 8th. Cowen lowered Monster Beverage from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $69.00 to $65.00 in a research note on Thursday, October 17th. Zacks Investment Research raised Monster Beverage from a “sell” rating to a “hold” rating and set a $61.00 price target for the company in a research note on Tuesday, October 1st. Credit Suisse Group reaffirmed an “outperform” rating and issued a $77.00 price target on shares of Monster Beverage in a research note on Wednesday, August 28th. Finally, Guggenheim lowered Monster Beverage from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $74.00 to $60.00 in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Monster Beverage presently has a consensus rating of “Hold” and a consensus target price of $64.93.

Shares of Monster Beverage stock traded down $0.44 on Tuesday, hitting $57.59. The stock had a trading volume of 80,345 shares, compared to its average volume of 3,042,345. Monster Beverage has a one year low of $47.74 and a one year high of $66.38. The stock has a market cap of $31.69 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 2.01 and a beta of 1.17. The stock’s 50-day simple moving average is $56.71 and its two-hundred day simple moving average is $60.37.

Institutional investors have recently made changes to their positions in the business. Westside Investment Management Inc. purchased a new position in Monster Beverage during the second quarter valued at $26,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Monster Beverage in the 2nd quarter worth about $32,000. Coastal Capital Group Inc. purchased a new position in shares of Monster Beverage in the 2nd quarter worth about $34,000. Motco raised its position in shares of Monster Beverage by 47.1% in the 2nd quarter. Motco now owns 534 shares of the company’s stock worth $34,000 after purchasing an additional 171 shares during the last quarter. Finally, West Oak Capital LLC purchased a new position in shares of Monster Beverage in the 2nd quarter worth about $38,000. 66.04% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Monster Beverage (NASDAQ:MNST)

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