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%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Expect Monsanto Company (MON) to Post -$0.38 EPS” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/brokerages-expect-monsanto-company-mon-to-post-0-38-eps/1598886.html.

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.

Get a free copy of the Zacks research report on Monsanto (MON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Monsanto (NYSE:MON)

Receive News & Ratings for Monsanto Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Company and related companies with Analyst Ratings Network's FREE daily email newsletter.