Monster Beverage Co. (NASDAQ:MNST) Expected to Announce Earnings of $0.60 Per Share

Wall Street analysts expect Monster Beverage Co. (NASDAQ:MNST – Get Rating) to report earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Monster Beverage’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.57. Monster Beverage reported earnings of $0.59 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Monster Beverage will report full year earnings of $2.80 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $2.98. For the next fiscal year, analysts forecast that the company will report earnings of $3.22 per share, with EPS estimates ranging from $3.12 to $3.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Monster Beverage.

Monster Beverage (NASDAQ:MNST – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.60 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.60. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. Monster Beverage had a net margin of 24.86% and a return on equity of 22.79%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share.

A number of research analysts have recently commented on MNST shares. BMO Capital Markets cut their price objective on shares of Monster Beverage from $92.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, April 6th. Guggenheim cut their price objective on shares of Monster Beverage from $109.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Monster Beverage from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, March 30th. Credit Suisse Group lowered their target price on shares of Monster Beverage from $119.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, February 18th. Finally, Stifel Nicolaus lowered their target price on shares of Monster Beverage from $107.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, March 10th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Monster Beverage currently has an average rating of “Buy” and an average target price of $99.85.

Hedge funds have recently made changes to their positions in the company. New England Professional Planning Group Inc. acquired a new position in shares of Monster Beverage during the first quarter worth approximately $388,000. Quent Capital LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $28,000. Zullo Investment Group Inc. acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $33,000. Delos Wealth Advisors LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $36,000. Finally, Byrne Asset Management LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $43,000. Institutional investors own 63.44% of the company’s stock.

Shares of MNST opened at $86.65 on Monday. The company has a 50-day simple moving average of $81.48 and a 200-day simple moving average of $85.92. The firm has a market capitalization of $45.90 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.95 and a beta of 1.01. Monster Beverage has a 52 week low of $71.78 and a 52 week high of $99.89.

About Monster Beverage (Get Rating)

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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