Brokerages Expect Monster Beverage Corp (NASDAQ:MNST) Will Post Earnings of $0.56 Per Share

Wall Street brokerages expect Monster Beverage Corp (NASDAQ:MNST) to post earnings of $0.56 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Monster Beverage’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.59. Monster Beverage reported earnings per share of $0.48 in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that Monster Beverage will report full year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.14. For the next fiscal year, analysts expect that the company will post earnings of $2.32 per share, with EPS estimates ranging from $2.26 to $2.42. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Monster Beverage.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, May 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $946.00 million during the quarter, compared to analyst estimates of $919.49 million. Monster Beverage had a net margin of 26.61% and a return on equity of 28.35%. Monster Beverage’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS.

A number of research firms have issued reports on MNST. ValuEngine lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. BidaskClub lowered shares of Monster Beverage from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 13th. Wells Fargo & Co boosted their target price on shares of Monster Beverage from $56.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, May 29th. Zacks Investment Research raised shares of Monster Beverage from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, Credit Suisse Group set a $77.00 target price on shares of Monster Beverage and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Monster Beverage presently has an average rating of “Hold” and an average target price of $64.17.

In other news, insider Emelie Tirre sold 24,762 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $62.70, for a total value of $1,552,577.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark J. Hall sold 394,341 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $61.58, for a total transaction of $24,283,518.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 443,103 shares of company stock valued at $27,415,776. Company insiders own 10.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its holdings in shares of Monster Beverage by 77.2% in the 4th quarter. Millennium Management LLC now owns 1,978,687 shares of the company’s stock worth $97,391,000 after purchasing an additional 861,752 shares in the last quarter. Norges Bank bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $209,565,000. Kentucky Retirement Systems bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $852,000. CIBC Asset Management Inc raised its holdings in shares of Monster Beverage by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 68,872 shares of the company’s stock worth $3,390,000 after purchasing an additional 1,158 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Monster Beverage in the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 66.58% of the company’s stock.

Monster Beverage stock traded down $0.03 during midday trading on Friday, reaching $65.92. 1,094,100 shares of the stock traded hands, compared to its average volume of 3,816,431. The stock has a fifty day moving average price of $63.53. The firm has a market cap of $35.85 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 2.22 and a beta of 1.33. Monster Beverage has a fifty-two week low of $47.74 and a fifty-two week high of $66.38.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

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

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