Wall Street brokerages forecast that Monster Beverage Co. (NASDAQ:MNST) will report earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Monster Beverage’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Monster Beverage reported earnings of $0.35 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Monster Beverage will report full-year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.50. For the next year, analysts anticipate that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.63 to $1.97. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Monster Beverage.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million during the quarter, compared to the consensus estimate of $903.82 million. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 15.4% on a year-over-year basis.

Several research analysts have commented on MNST shares. BMO Capital Markets restated a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a research report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a research report on Thursday, November 9th. Susquehanna Bancshares downgraded shares of Monster Beverage from a “neutral” rating to a “negative” rating and set a $51.00 price objective for the company. in a research report on Monday, November 20th. Cowen restated an “outperform” rating and set a $67.00 price objective (up from $58.00) on shares of Monster Beverage in a research report on Thursday, November 9th. Finally, Wells Fargo & Co boosted their price objective on shares of Monster Beverage from $54.00 to $60.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $60.99.

In other news, Chairman Rodney C. Sacks sold 189,861 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $63.92, for a total transaction of $12,135,915.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Hilton H. Schlosberg sold 13,983 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total transaction of $902,322.99. Following the transaction, the insider now owns 967,456 shares of the company’s stock, valued at $62,429,935.68. The disclosure for this sale can be found here. Insiders have sold 268,026 shares of company stock valued at $17,179,867 over the last quarter. Company insiders own 9.40% of the company’s stock.

Several large investors have recently made changes to their positions in MNST. Federated Investors Inc. PA increased its holdings in shares of Monster Beverage by 11.3% during the second quarter. Federated Investors Inc. PA now owns 10,880 shares of the company’s stock worth $540,000 after buying an additional 1,105 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Monster Beverage by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after purchasing an additional 232 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Monster Beverage by 2.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,298 shares of the company’s stock worth $313,000 after purchasing an additional 176 shares during the last quarter. BlackRock Inc. grew its stake in shares of Monster Beverage by 1.7% in the second quarter. BlackRock Inc. now owns 21,937,361 shares of the company’s stock worth $1,089,848,000 after purchasing an additional 376,666 shares during the last quarter. Finally, BT Investment Management Ltd bought a new stake in shares of Monster Beverage in the second quarter worth $2,595,000. Institutional investors own 65.69% of the company’s stock.

Monster Beverage (NASDAQ:MNST) opened at $63.77 on Tuesday. Monster Beverage has a 1 year low of $41.02 and a 1 year high of $66.16. The company has a market cap of $35,960.00, a P/E ratio of 46.55, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94.

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Monster Beverage Company Profile

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

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