Monster Beverage Corporation (MNST) Set to Announce Earnings on Wednesday
Monster Beverage Corporation (NASDAQ:MNST) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Monster Beverage Corporation to post earnings of $0.40 per share for the quarter.
Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The business had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. On average, analysts expect Monster Beverage Corporation to post $1.47 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.
Shares of Monster Beverage Corporation (NASDAQ:MNST) opened at 58.388 on Wednesday. The firm has a market capitalization of $33.17 billion, a PE ratio of 44.166 and a beta of 1.02. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $58.54. The firm’s 50 day moving average is $55.99 and its 200-day moving average is $52.19.
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MNST has been the subject of several research reports. Credit Suisse Group cut Monster Beverage Corporation to a “hold” rating in a research report on Friday, September 8th. Zacks Investment Research raised 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. Cowen and Company reaffirmed a “buy” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Friday, July 14th. Macquarie initiated coverage on Monster Beverage Corporation in a research report on Thursday, September 14th. They issued an “outperform” rating and a $65.00 target price for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $57.06.
In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of Monster Beverage Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the transaction, the director now directly owns 52,000 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is currently owned by company insiders.
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.
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