Brokerages expect Monster Beverage Co. (NASDAQ:MNST) to report $838.30 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Monster Beverage’s earnings, with estimates ranging from $829.20 million to $848.60 million. Monster Beverage posted sales of $753.77 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Monster Beverage will report full year sales of $838.30 million for the current year, with estimates ranging from $3.39 billion to $3.41 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.80 billion per share, with estimates ranging from $3.73 billion to $3.90 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Monster Beverage.

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

Several research analysts have commented on MNST shares. BMO Capital Markets reaffirmed a “buy” rating and set a $58.00 price objective on shares of Monster Beverage in a report on Thursday, November 2nd. Jefferies Group reaffirmed a “buy” rating and set a $64.00 price objective on shares of Monster Beverage in a report on Thursday, November 9th. Susquehanna Bancshares lowered Monster Beverage from a “neutral” rating to a “negative” rating and set a $51.00 price objective on the stock. in a report on Monday, November 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective (up previously from $61.00) on shares of Monster Beverage in a report on Tuesday. Finally, Cowen reaffirmed an “outperform” rating and set a $67.00 price objective (up previously from $58.00) on shares of Monster Beverage in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.17.

In other news, Chairman Rodney C. Sacks sold 62,386 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $64.53, for a total value of $4,025,768.58. Following the completion of the sale, the chairman now owns 949,806 shares in the company, valued at $61,290,981.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rodney C. Sacks sold 697 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $64.51, for a total value of $44,963.47. Following the completion of the sale, the chief executive officer now owns 963,789 shares of the company’s stock, valued at approximately $62,174,028.39. The disclosure for this sale can be found here. Insiders have sold 268,026 shares of company stock worth $17,179,867 over the last quarter. 9.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MNST. Federated Investors Inc. PA lifted its holdings in Monster Beverage by 11.3% during the 2nd 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 during the last quarter. Commonwealth Bank of Australia lifted its holdings in Monster Beverage by 11.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in Monster Beverage by 5.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 321,453 shares of the company’s stock worth $15,970,000 after buying an additional 17,400 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Monster Beverage by 9.1% during the 2nd quarter. New York State Common Retirement Fund now owns 1,172,174 shares of the company’s stock worth $58,234,000 after buying an additional 98,073 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in Monster Beverage by 4.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 49,591 shares of the company’s stock worth $2,464,000 after buying an additional 2,056 shares during the last quarter. 65.69% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage (NASDAQ:MNST) traded up $2.51 during mid-day trading on Thursday, reaching $67.07. The company had a trading volume of 3,906,000 shares, compared to its average volume of 2,472,936. The stock has a market capitalization of $37,830.00, a PE ratio of 48.96, a price-to-earnings-growth ratio of 1.90 and a beta of 0.94. Monster Beverage has a 12-month low of $41.02 and a 12-month high of $67.24.

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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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