Brokerages Expect Monsanto Company (MON) to Post -$0.38 EPS
Wall Street brokerages expect Monsanto Company (NYSE:MON) to report earnings per share of ($0.38) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Monsanto’s earnings. The highest EPS estimate is ($0.22) and the lowest is ($0.47). Monsanto posted earnings of $0.07 per share in the same quarter last year, which would suggest a negative year over year growth rate of 642.9%. The business is expected to report its next earnings results before the market opens on Wednesday, October 4th.
On average, analysts expect that Monsanto will report full-year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.85 to $5.10. For the next financial year, analysts forecast that the company will report earnings of $5.42 per share, with EPS estimates ranging from $5.25 to $5.60. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Monsanto.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the company posted $2.17 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.
Several equities research analysts have weighed in on the company. Jefferies Group LLC restated a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Friday, September 15th. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Thursday, September 14th. BMO Capital Markets restated a “buy” rating and set a $128.00 target price on shares of Monsanto in a research note on Friday, September 1st. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, UBS AG cut Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price target for the company. in a research note on Friday, August 18th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.53.
In related news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the completion of the transaction, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at approximately $6,522,654.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,210 shares of company stock valued at $10,582,280. 0.79% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Monsanto by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock worth $3,636,697,000 after acquiring an additional 784,418 shares during the period. BlackRock Inc. grew its holdings in Monsanto by 6.5% during the 2nd quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock worth $3,302,038,000 after acquiring an additional 1,705,439 shares during the period. State Street Corp grew its holdings in Monsanto by 0.6% during the 2nd quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock worth $2,399,965,000 after acquiring an additional 122,814 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Monsanto by 3.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock worth $1,618,703,000 after acquiring an additional 499,639 shares during the period. Finally, Northern Trust Corp grew its holdings in Monsanto by 0.7% during the 2nd quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock worth $839,519,000 after acquiring an additional 47,725 shares during the period. 74.80% of the stock is owned by institutional investors and hedge funds.
Shares of Monsanto (NYSE MON) traded up 0.13% during trading on Friday, reaching $119.82. The company’s stock had a trading volume of 2,310,993 shares. The company has a market cap of $52.64 billion, a PE ratio of 25.88 and a beta of 1.07. The firm’s 50-day moving average is $117.37 and its 200 day moving average is $116.53. Monsanto has a 52-week low of $97.35 and a 52-week high of $120.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is currently 46.75%.
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Monsanto Company Profile
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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