Wall Street analysts predict that Monster Beverage Corporation (NASDAQ:MNST) will report earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Monster Beverage Corporation’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.41. Monster Beverage Corporation posted earnings per share of $0.33 in the same quarter last year, which would indicate a positive year over year growth rate of 21.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Monster Beverage Corporation will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.45 to $1.51. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.65 to $1.77. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Monster Beverage Corporation.

Monster Beverage Corporation (NASDAQ:MNST) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The company had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. Monster Beverage Corporation’s revenue for the quarter was up 9.6% on a year-over-year basis.

Several brokerages recently issued reports on MNST. Credit Suisse Group lowered shares of Monster Beverage Corporation to a “hold” rating in a report on Friday. BMO Capital Markets reaffirmed a “buy” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a report on Wednesday. BidaskClub raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Monster Beverage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $56.28.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/10/brokerages-anticipate-monster-beverage-corporation-mnst-to-post-0-40-eps.html.

Monster Beverage Corporation (NASDAQ MNST) opened at 56.32 on Friday. The stock’s 50 day moving average is $54.21 and its 200-day moving average is $49.47. The firm has a market capitalization of $32.00 billion, a price-to-earnings ratio of 42.60 and a beta of 0.99. Monster Beverage Corporation has a 12 month low of $40.64 and a 12 month high of $57.25.

In other news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the transaction, the director now owns 52,000 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. lifted its position in shares of Monster Beverage Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,349 shares of the company’s stock worth $514,000 after purchasing an additional 27 shares during the period. United Capital Financial Advisers LLC lifted its position in shares of Monster Beverage Corporation by 0.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,878 shares of the company’s stock worth $456,000 after purchasing an additional 38 shares during the period. Accuvest Global Advisors lifted its position in shares of Monster Beverage Corporation by 0.4% in the 2nd quarter. Accuvest Global Advisors now owns 10,256 shares of the company’s stock worth $510,000 after purchasing an additional 38 shares during the period. Wendell David Associates Inc. lifted its position in shares of Monster Beverage Corporation by 0.9% in the 2nd quarter. Wendell David Associates Inc. now owns 7,264 shares of the company’s stock worth $361,000 after purchasing an additional 64 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Monster Beverage Corporation by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock worth $630,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 65.88% of the company’s stock.

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.

Get a free copy of the Zacks research report on Monster Beverage Corporation (MNST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Monster Beverage Corporation (NASDAQ:MNST)

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.