Monsanto Company (MON) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Monsanto Company (NYSE:MON) issued its quarterly earnings data on Wednesday. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.06, AmericanBankingNews.com reports. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company posted $1.66 earnings per share. Monsanto Company’s revenue was up .0% compared to the same quarter last year. Monsanto Company updated its FY14 guidance to $5.10-5.20 EPS.
Monsanto Company (NYSE:MON) opened at 120.63 on Wednesday. Monsanto Company has a 52 week low of $94.00 and a 52 week high of $123.99. The stock’s 50-day moving average is $119.2 and its 200-day moving average is $113.. The company has a market cap of $63.231 billion and a price-to-earnings ratio of 24.21. Monsanto Company also was the target of some unusual options trading activity on Monday. Stock investors bought 10,543 call options on the stock. This represents an increase of approximately 331% compared to the typical volume of 2,448 call options.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend 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 a related note, 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 investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Monsanto Company has a consensus rating of “Buy” and a consensus target price of $128.42.
Monsanto Company (NYSE:MON) along with its subsidiaries, is a provider of agricultural products for farmers.
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