Monster Beverage Corporation (NASDAQ:MNST) posted its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01, Briefing.com reports. The company had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a net margin of 23.36% and a return on equity of 23.36%. Monster Beverage Corporation’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS.
Monster Beverage Corporation (MNST) traded down 0.45% on Tuesday, reaching $52.63. The company had a trading volume of 3,155,106 shares. The firm has a market capitalization of $29.88 billion, a PE ratio of 42.38 and a beta of 0.96. Monster Beverage Corporation has a 12 month low of $40.64 and a 12 month high of $54.24. The stock has a 50 day moving average of $51.56 and a 200 day moving average of $47.49.
A number of equities research analysts have issued reports on MNST shares. Goldman Sachs Group, Inc. (The) increased their price target on Monster Beverage Corporation from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Credit Suisse Group reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Monster Beverage Corporation in a report on Thursday, June 22nd. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the company a “buy” rating in a report on Wednesday, June 21st. Finally, Susquehanna Bancshares Inc set a $42.00 price objective on Monster Beverage Corporation and gave the company a “hold” rating in a report on Monday, June 19th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Monster Beverage Corporation presently has an average rating of “Buy” and a consensus price target of $56.75.
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About Monster Beverage Corporation
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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