Monster Beverage Corporation (NASDAQ:MNST) – Research analysts at SunTrust Banks lifted their Q1 2018 EPS estimates for shares of Monster Beverage Corporation in a research note issued on Tuesday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $0.36 per share for the quarter, up from their prior estimate of $0.35. SunTrust Banks also issued estimates for Monster Beverage Corporation’s Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.65 EPS.

Monster Beverage Corporation (NASDAQ:MNST) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 23.56%. The company had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. During the same quarter last year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Brokers Set Expectations for Monster Beverage Corporation’s Q1 2018 Earnings (NASDAQ:MNST)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/10/brokers-set-expectations-for-monster-beverage-corporations-q1-2018-earnings-nasdaqmnst.html.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday. Credit Suisse Group set a $61.00 price objective on shares of Monster Beverage Corporation and gave the company a “buy” rating in a research note on Wednesday. Jefferies Group LLC increased their price objective on shares of Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Susquehanna Bancshares Inc reissued a “hold” rating and issued a $42.00 price objective (down from $45.00) on shares of Monster Beverage Corporation in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.28.

Shares of Monster Beverage Corporation (NASDAQ:MNST) traded up 0.8839% during mid-day trading on Thursday, hitting $52.4899. 522,863 shares of the stock traded hands. The firm’s 50 day moving average price is $51.72 and its 200 day moving average price is $47.71. The firm has a market cap of $29.81 billion, a price-to-earnings ratio of 39.7049 and a beta of 0.96. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $54.24.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd raised its position in shares of Monster Beverage Corporation by 336.7% in the fourth quarter. Quadrature Capital Ltd now owns 6,900 shares of the company’s stock valued at $306,000 after buying an additional 5,320 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Monster Beverage Corporation by 274.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,900 shares of the company’s stock valued at $882,000 after buying an additional 14,580 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Monster Beverage Corporation by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 351,455 shares of the company’s stock valued at $16,227,000 after buying an additional 8,583 shares during the last quarter. National Pension Service raised its position in shares of Monster Beverage Corporation by 0.8% in the first quarter. National Pension Service now owns 334,467 shares of the company’s stock valued at $15,472,000 after buying an additional 2,800 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Monster Beverage Corporation by 94.1% in the first quarter. Bank of Montreal Can now owns 297,980 shares of the company’s stock valued at $13,757,000 after buying an additional 144,474 shares during the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

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.

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

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