Monsanto Company (MON) Set to Announce Quarterly Earnings on Wednesday
Monsanto Company (NYSE:MON) is scheduled to announce its Q314 earnings results on Wednesday, June 25th. Analysts expect the company to announce earnings of $1.56 per share and revenue of $4.41 billion for the quarter. Monsanto Company has set its FY14 guidance at $5.00-5.20 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Monsanto Company (NYSE:MON) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $3.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.08 by $0.07. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the company posted $2.73 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts expect Monsanto Company to post $5.25 EPS for the current fiscal year and $6.02 EPS for the next fiscal year.
Shares of Monsanto Company (NYSE:MON) opened at 122.10 on Tuesday. Monsanto Company has a 52-week low of $94.00 and a 52-week high of $123.99. The stock has a 50-day moving average of $119.1 and a 200-day moving average of $113.6. The company has a market cap of $64.001 billion and a price-to-earnings ratio of 24.21. Monsanto Company also saw some unusual options trading on Monday. Investors bought 10,543 call options on the company. This represents an increase of 331% compared to the typical volume of 2,448 call options.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Tuesday, July 1st.
MON has been the subject of a number of recent research reports. Analysts at Piper Jaffray raised their price target on shares of Monsanto Company from $135.00 to $140.00 in a research note on Monday, May 19th. They now have an “overweight” rating on the stock. On the ratings front, analysts at BMO Capital Markets initiated coverage on shares of Monsanto Company in a research note on Friday, May 2nd. They set an “outperform” rating and a $130.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Monsanto Company in a research note on Wednesday, April 23rd. They now have a $128.00 price target on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Monsanto Company presently has an average rating of “Buy” and an average price target of $128.42.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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