Monsanto Company Forecasted to Post Q1 2018 Earnings of $0.31 Per Share (MON)
Monsanto Company (NYSE:MON) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for Monsanto in a research note issued to investors on Wednesday. Jefferies Group analyst L. Alexander forecasts that the basic materials company will post earnings of $0.31 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $128.00 target price on the stock. Jefferies Group also issued estimates for Monsanto’s Q3 2018 earnings at $1.83 EPS, Q4 2018 earnings at $0.57 EPS and FY2018 earnings at $6.00 EPS.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company earned $0.07 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Monday, September 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price objective on shares of Monsanto in a report on Friday, September 1st. BidaskClub downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $128.00 price objective (up from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $125.64.
Monsanto (NYSE:MON) traded down 0.42% during trading on Friday, hitting $119.36. 352,974 shares of the company traded hands. Monsanto has a one year low of $97.35 and a one year high of $120.50. The firm has a market cap of $52.44 billion, a P/E ratio of 25.78 and a beta of 1.07. The firm has a 50 day moving average of $118.18 and a 200 day moving average of $117.00. Monsanto also was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 63,484 put options on the company. This is an increase of 1,793% compared to the average daily volume of 3,354 put options.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Monsanto by 2,390.1% during the 1st quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock worth $2,965,029,000 after buying an additional 25,140,936 shares during the period. OZ Management LP acquired a new stake in shares of Monsanto during the 2nd quarter worth approximately $242,786,000. York Capital Management Global Advisors LLC grew its position in shares of Monsanto by 58.4% during the 1st quarter. York Capital Management Global Advisors LLC now owns 4,087,116 shares of the basic materials company’s stock worth $462,662,000 after buying an additional 1,506,057 shares during the period. Janus Henderson Group PLC grew its position in shares of Monsanto by 2,540.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,491,324 shares of the basic materials company’s stock worth $176,515,000 after buying an additional 1,434,844 shares during the period. Finally, PSquared Asset Management AG grew its position in shares of Monsanto by 239.0% during the 2nd quarter. PSquared Asset Management AG now owns 1,274,320 shares of the basic materials company’s stock worth $150,829,000 after buying an additional 898,395 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.
In other Monsanto news, COO Brett D. Begemann sold 22,640 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.03, for a total value 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 approximately $10,255,243.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. Insiders sold a total of 77,910 shares of company stock valued at $9,242,439 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be given 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 payout ratio is presently 42.27%.
Monsanto Company Profile
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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