Monster Beverage Corporation (MNST) Set to Announce Earnings on Wednesday
Monster Beverage Corporation (NASDAQ:MNST) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Monster Beverage Corporation to post earnings of $0.40 per share for the quarter.
Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The business had revenue of $907.07 million for the quarter, compared to analysts’ expectations of $901.38 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts expect Monster Beverage Corporation to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Monster Beverage Corporation (NASDAQ:MNST) traded down $0.13 during mid-day trading on Monday, hitting $57.54. The stock had a trading volume of 352,902 shares, compared to its average volume of 1,398,086. Monster Beverage Corporation has a twelve month low of $40.64 and a twelve month high of $58.54. The stock has a market capitalization of $32,766.31, a P/E ratio of 41.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91.
A number of research analysts have recently weighed in on the company. Jefferies Group LLC lifted their price target on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Credit Suisse Group downgraded Monster Beverage Corporation to a “hold” rating in a research note on Friday, September 8th. Stifel Nicolaus restated a “buy” rating and issued a $57.00 target price on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Monday, July 17th. Finally, Cowen and Company restated a “buy” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $57.06.
In related news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the director now directly owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.40% of the stock is currently owned by insiders.
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Monster Beverage Corporation Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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