$0.56 Earnings Per Share Expected for Monster Beverage Corp (NASDAQ:MNST) This Quarter
Wall Street brokerages expect Monster Beverage Corp (NASDAQ:MNST) to post earnings of $0.56 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Monster Beverage’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.59. Monster Beverage reported earnings per share of $0.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 14th.
On average, analysts expect that Monster Beverage will report full year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.14. For the next fiscal year, analysts expect that the company will post earnings of $2.32 per share, with EPS estimates ranging from $2.26 to $2.42. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Monster Beverage.
Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Monster Beverage had a net margin of 26.61% and a return on equity of 28.35%. The company had revenue of $946.00 million for the quarter, compared to analyst estimates of $919.49 million. During the same quarter in the prior year, the business posted $0.38 EPS. Monster Beverage’s quarterly revenue was up 11.2% on a year-over-year basis.
In other Monster Beverage news, insider Emelie Tirre sold 24,762 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $62.70, for a total value of $1,552,577.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hall sold 394,341 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $61.58, for a total transaction of $24,283,518.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 468,822 shares of company stock valued at $28,950,686. 10.20% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of MNST. Berman Capital Advisors LLC bought a new stake in Monster Beverage in the 4th quarter valued at $33,000. Executive Wealth Management LLC acquired a new position in shares of Monster Beverage in the 4th quarter valued at $35,000. Rockefeller Capital Management L.P. acquired a new position in shares of Monster Beverage in the 1st quarter valued at $44,000. Old North State Trust LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $48,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Monster Beverage in the 1st quarter valued at $55,000. 66.72% of the stock is owned by hedge funds and other institutional investors.
Shares of MNST traded down $0.42 during mid-day trading on Wednesday, hitting $64.08. 1,992,323 shares of the company’s stock were exchanged, compared to its average volume of 3,982,411. Monster Beverage has a twelve month low of $47.74 and a twelve month high of $66.38. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.
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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