Wall Street brokerages expect that Monster Beverage Corporation (NASDAQ:MNST) will post earnings per share of $0.40 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Monster Beverage Corporation’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.38. Monster Beverage Corporation reported earnings per share of $0.33 in the same quarter last year, which suggests a positive year over year growth rate of 21.2%. The business is expected to issue its next quarterly earnings results on Thursday, August 3rd.

On average, analysts expect that Monster Beverage Corporation will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.45 to $1.53. For the next year, analysts forecast that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.57 to $1.78. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Monster Beverage Corporation.

Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The company had revenue of $742.10 million for the quarter, compared to analyst estimates of $738.54 million. During the same quarter last year, the company posted $0.79 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year.

Several research firms have recently weighed in on MNST. Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a report on Monday, May 15th. Cowen and Company reissued an “outperform” rating and issued a $52.00 target price on shares of Monster Beverage Corporation in a research note on Tuesday, February 28th. BMO Capital Markets reissued a “buy” rating on shares of Monster Beverage Corporation in a research note on Thursday, April 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 target price on shares of Monster Beverage Corporation in a research note on Friday, May 5th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $45.00 target price on shares of Monster Beverage Corporation in a research note on Sunday, April 2nd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $56.33.

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Several large investors have recently made changes to their positions in the stock. UBS Oconnor LLC increased its stake in shares of Monster Beverage Corporation by 21.0% in the first quarter. UBS Oconnor LLC now owns 166,775 shares of the company’s stock valued at $7,700,000 after buying an additional 28,971 shares during the period. Piedmont Investment Advisors LLC increased its stake in shares of Monster Beverage Corporation by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 88,627 shares of the company’s stock valued at $4,092,000 after buying an additional 755 shares during the period. Achmea Investment Management B.V. purchased a new stake in shares of Monster Beverage Corporation during the first quarter valued at $462,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock valued at $213,000 after buying an additional 1,712 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Monster Beverage Corporation during the first quarter valued at $601,000. 66.03% of the stock is owned by institutional investors.

Monster Beverage Corporation (NASDAQ MNST) traded up 0.26% during midday trading on Monday, hitting $50.44. The company had a trading volume of 367,208 shares. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $55.50. The firm has a market capitalization of $28.64 billion, a P/E ratio of 40.61 and a beta of 0.91. The firm’s 50 day moving average is $48.80 and its 200-day moving average is $45.81.

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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