Monsanto Company (MON) Announces Earnings Results
Monsanto Company (NYSE:MON) announced its earnings results on Wednesday. The basic materials company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.61, RTT News reports. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis.
Monsanto (MON) opened at 119.69 on Wednesday. The stock has a market cap of $52.58 billion, a price-to-earnings ratio of 25.85 and a beta of 1.07. Monsanto has a 52-week low of $97.35 and a 52-week high of $120.38. The stock has a 50 day moving average price of $118.04 and a 200 day moving average price of $116.96.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is 46.75%.
Several research analysts have commented on the stock. UBS AG lowered shares of Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research report on Wednesday, August 2nd. Jefferies Group LLC lowered shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 target price on the stock. in a research note on Wednesday, July 12th. Barclays PLC lifted their target price on shares of Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, June 29th. Finally, Piper Jaffray Companies set a $128.00 price target on shares of Monsanto and gave the company a “buy” rating in a research report on Friday, August 11th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $125.33.
In other Monsanto news, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the completion of the sale, the chief operating officer now owns 85,439 shares in the company, valued at $10,255,243.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,910 shares of company stock worth $9,242,439. 0.79% of the stock is currently owned by corporate insiders.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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