Equities research analysts expect Monster Beverage Corp (NASDAQ:MNST) to post earnings per share of $0.40 for the current quarter, according to Zacks. Six analysts have made estimates for Monster Beverage’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.43. Monster Beverage reported earnings per share of $0.35 in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The company is expected to issue its next quarterly earnings results on Wednesday, February 27th.
On average, analysts expect that Monster Beverage will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.79. For the next financial year, analysts anticipate that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.93 to $2.06. Zacks’ EPS averages are an average based on a survey of research analysts that cover Monster Beverage.
Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $988.73 million. Monster Beverage had a net margin of 25.86% and a return on equity of 25.47%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS.
Several equities analysts recently commented on MNST shares. Jefferies Financial Group reiterated a “buy” rating and set a $71.00 price target on shares of Monster Beverage in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Wednesday, November 14th. Citigroup set a $64.00 price target on shares of Monster Beverage and gave the company a “buy” rating in a report on Friday, November 9th. SunTrust Banks upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $65.00 in a report on Tuesday, January 8th. Finally, Goldman Sachs Group upgraded shares of Monster Beverage from a “buy” rating to a “conviction-buy” rating in a research note on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $62.27.
Shares of NASDAQ MNST traded up $1.31 during mid-day trading on Friday, hitting $55.58. 3,983,788 shares of the company’s stock traded hands, compared to its average volume of 3,497,694. The stock has a market capitalization of $30.01 billion, a price-to-earnings ratio of 38.07, a P/E/G ratio of 1.70 and a beta of 1.45. Monster Beverage has a 1 year low of $47.61 and a 1 year high of $70.21.
In related news, EVP Thomas J. Kelly sold 14,661 shares of the stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $53.73, for a total transaction of $787,735.53. Following the completion of the sale, the executive vice president now owns 24,312 shares of the company’s stock, valued at $1,306,283.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harold C. Taber, Jr. sold 9,000 shares of the stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $54.55, for a total transaction of $490,950.00. Following the sale, the director now directly owns 77,238 shares of the company’s stock, valued at approximately $4,213,332.90. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of MNST. Dimensional Fund Advisors LP lifted its position in Monster Beverage by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 955,086 shares of the company’s stock valued at $54,724,000 after acquiring an additional 20,285 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of Monster Beverage by 55.2% in the second quarter. Federated Investors Inc. PA now owns 21,536 shares of the company’s stock worth $1,234,000 after buying an additional 7,659 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Monster Beverage by 21.4% in the second quarter. Macquarie Group Ltd. now owns 12,500 shares of the company’s stock worth $716,000 after buying an additional 2,200 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Monster Beverage by 258.6% in the second quarter. Advisors Asset Management Inc. now owns 52,317 shares of the company’s stock worth $1,029,000 after buying an additional 37,726 shares during the last quarter. Finally, Global X Management Co LLC raised its holdings in shares of Monster Beverage by 106.2% in the second quarter. Global X Management Co LLC now owns 9,790 shares of the company’s stock worth $561,000 after buying an additional 5,043 shares during the last quarter. 64.14% of the stock is owned by institutional investors.
About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its 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 drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes 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; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.
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