Stock analysts expect Monster Beverage Co. (NASDAQ: MNST) to report earnings of $ 0.59 per share for the current quarter, Zacks reports. Five analysts have released earnings estimates for Monster Beverage. The highest EPS estimate is $ 0.64 and the lowest is $ 0.54. Monster Beverage posted earnings of $ 0.62 per share in the same quarter of last year, which would indicate a negative growth rate of 4.8% year-over-year. The company is expected to release its next quarterly results on Thursday, February 24.
According to Zacks, analysts expect Monster Beverage to report annual earnings of $ 2.56 per share for the current fiscal year, with EPS estimates ranging from $ 2.52 to $ 2.61. For next year, analysts predict the company will post earnings of $ 2.93 per share, with EPS estimates ranging from $ 2.72 to $ 3.10. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research analysts who track Monster Beverage.
Monster Beverage (NASDAQ: MNST) last released its results on Thursday, November 4. The company reported earnings per share (EPS) of $ 0.63 for the quarter, missing analyst consensus estimates of $ 0.67 per ($ 0.04). The company posted revenue of $ 1.41 billion in the quarter, compared to analysts’ estimates of $ 1.39 billion. Monster Beverage had a net margin of 28.76% and a return on equity of 23.94%. Monster Beverage’s quarterly revenue increased 13.2% compared to the same quarter last year. In the same quarter of last year, the company posted EPS of $ 0.65.
A number of analysts weighed on MNST stocks. Morgan Stanley reduced its price target for Monster Beverage from $ 115.00 to $ 111.00 and set an “overweight” rating for the company in a research report released on Friday, November 5. Jefferies Financial Group downgraded Monster Beverage from a “buy” rating to a “keep” rating and reduced its target price for the stock from $ 113.00 to $ 92.00 in a report released on Wednesday the 13th. October. Wells Fargo & Company lowered its price target for Monster Beverage from $ 105 to $ 101.00 and rated the stock “overweight” in a report released on Thursday, October 14. Deutsche Bank Aktiengesellschaft lowered its price target on Monster Beverage shares from $ 108.00 to $ 105, and set a “buy” rating for the company in a research report released on Tuesday, November 2. Finally, Redburn Partners began covering shares of Monster Beverage in a research report on Monday, November 1. They issued a “neutral” rating for the company. Four investment analysts gave the stock a conservation rating and ten gave the company’s stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $ 106.21.
NASDAQ MNST shares traded up $ 1.39 at midday on Friday, reaching $ 89.69. The company had a trade volume of 61,683 shares, compared to its average volume of 2,016,794. The stock has a market cap of $ 47.46 billion, a PE ratio of 31.43, a P ratio. / E / G of 2.33 and a beta of 1.09. The company has a 50-day moving average price of $ 87.72 and a 200-day moving average price of $ 91.85. Monster Beverage has a one-year low at $ 80.92 and a one-year high at $ 99.89.
Large investors recently changed their holdings of stocks. NS Partners Ltd increased its position in Monster Beverage by 0.7% in the second quarter. NS Partners Ltd now owns 154,353 shares of the company valued at $ 14,100,000 after acquiring an additional 1,072 shares in the last quarter. Handelsbanken Fonder AB increased its position in Monster Beverage by 22.9% in the second quarter. Handelsbanken Fonder AB now owns 115,512 shares of the company valued at $ 10,552,000 after acquiring an additional 21,503 shares in the last quarter. Mount Lucas Management LP increased its position in Monster Beverage by 15.7% in the second quarter. Mount Lucas Management LP now owns 23,276 shares of the company valued at $ 2,126,000 after acquiring an additional 3,160 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Monster Beverage by 5.5% in the second quarter. Daiwa Securities Group Inc. now owns 31,786 shares of the company valued at $ 2,904,000 after acquiring an additional 1,645 shares in the last quarter. Finally, JustInvest LLC increased its position in Monster Beverage by 81.6% during the second quarter. JustInvest LLC now owns 10,954 shares of the company valued at $ 1,001,000 after acquiring an additional 4,923 shares during the last quarter. Institutional investors and hedge funds hold 63.06% of the company’s shares.
Monster Beverage Company Profile
Monster Beverage Corp. is a holding company engaged in the development, marketing, sale and distribution of energy drinks and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to full-service beverage bottlers and distributors.
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