Analysts forecast that Monster Beverage Corp (NASDAQ:MNST) will report $897.47 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Monster Beverage’s earnings. The highest sales estimate is $910.52 million and the lowest is $886.91 million. Monster Beverage posted sales of $810.36 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.7%. The firm is scheduled to issue its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Monster Beverage will report full-year sales of $3.78 billion for the current fiscal year, with estimates ranging from $3.77 billion to $3.80 billion. For the next financial year, analysts expect that the company will post sales of $4.14 billion, with estimates ranging from $4.01 billion to $4.20 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Monster Beverage.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, November 7th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $988.73 million. Monster Beverage had a net margin of 25.86% and a return on equity of 25.47%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 EPS.

A number of equities research analysts recently weighed in on MNST shares. ValuEngine downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Monster Beverage from $64.00 to $58.00 and set a “hold” rating for the company in a research report on Wednesday, October 24th. Guggenheim started coverage on shares of Monster Beverage in a research report on Thursday, September 13th. They set a “buy” rating and a $72.00 price objective for the company. BidaskClub downgraded shares of Monster Beverage from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Finally, Zacks Investment Research downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Monster Beverage presently has a consensus rating of “Buy” and a consensus price target of $63.38.

Shares of NASDAQ:MNST opened at $57.83 on Thursday. Monster Beverage has a fifty-two week low of $47.61 and a fifty-two week high of $70.21. The stock has a market cap of $33.00 billion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.39.

Monster Beverage declared that its board has initiated a share repurchase plan on Wednesday, August 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of MNST. Harvest Fund Management Co. Ltd boosted its stake in Monster Beverage by 287.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,900 shares of the company’s stock valued at $111,000 after purchasing an additional 1,409 shares during the period. Integrated Investment Consultants LLC acquired a new position in Monster Beverage during the 2nd quarter valued at about $123,000. Honkamp Krueger Financial Services Inc. acquired a new position in Monster Beverage during the 3rd quarter valued at about $129,000. Qube Research & Technologies Ltd acquired a new position in Monster Beverage during the 2nd quarter valued at about $175,000. Finally, Valeo Financial Advisors LLC acquired a new position in Monster Beverage during the 2nd quarter valued at about $181,000. 64.23% of the stock is owned by hedge funds and other institutional investors.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its 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 drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes 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; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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