Monsanto Company (MON) Updates FY14 Earnings Guidance
Monsanto Company (NYSE:MON) issued an update on its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.10-5.20 for the period, compared to the Thomson Reuters consensus estimate of $5.25, American Banking News.com reports.
Shares of Monsanto Company (NYSE:MON) opened at 120.63 on Wednesday. Monsanto Company has a 1-year low of $94.00 and a 1-year high of $123.99. The stock has a 50-day moving average of $119.2 and a 200-day moving average of $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 traders bought 10,543 call options on the stock. This is an increase of 331% compared to the average volume of 2,448 call options.
Monsanto Company (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.06. 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. On average, analysts predict that Monsanto Company will post $5.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Investors 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.
A number of analysts have recently weighed in on MON shares. 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. The stock presently has a consensus rating of Buy and a consensus 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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