Monster Beverage Corporation (MNST) Issues Quarterly Earnings Results
Monster Beverage Corporation (NASDAQ:MNST) posted its earnings results on Tuesday. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01, Briefing.com reports. The business had revenue of $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. Monster Beverage Corporation had a return on equity of 23.36% and a net margin of 23.36%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share.
Shares of Monster Beverage Corporation (NASDAQ:MNST) traded down 0.45% during mid-day trading on Tuesday, hitting $52.63. 3,150,506 shares of the stock were exchanged. The firm has a 50-day moving average price of $51.56 and a 200 day moving average price of $47.49. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $54.24. The company has a market capitalization of $29.88 billion, a PE ratio of 42.38 and a beta of 0.96.
MNST has been the subject of several recent research reports. Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Vetr raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating and set a $52.90 target price for the company in a research report on Wednesday, May 17th. Jefferies Group LLC boosted their target price on shares of Monster Beverage Corporation from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $56.75.
ILLEGAL ACTIVITY WARNING: “Monster Beverage Corporation (MNST) Issues Quarterly Earnings Results” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/08/monster-beverage-corporation-mnst-issues-quarterly-earnings-results.html.
About Monster Beverage Corporation
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.
Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with MarketBeat.com's FREE daily email newsletter.