Monster Beverage Corporation (MNST) Forecasted to Earn Q4 2017 Earnings of $0.38 Per Share
Monster Beverage Corporation (NASDAQ:MNST) – Equities researchers at Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for shares of Monster Beverage Corporation in a research note issued on Tuesday. Jefferies Group analyst K. Grundy now forecasts that the company will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.39. Jefferies Group has a “Buy” rating and a $65.00 price target on the stock. Jefferies Group also issued estimates for Monster Beverage Corporation’s FY2018 earnings at $1.77 EPS.
MNST has been the subject of several other research reports. BMO Capital Markets reissued an “outperform” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a research note on Friday, June 9th. Susquehanna Bancshares Inc reissued a “hold” rating and set a $42.00 target price (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday. Goldman Sachs Group, Inc. (The) cut Monster Beverage Corporation from a “conviction-buy” rating to a “buy” rating and set a $54.00 target price for the company. in a research note on Monday, April 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 target price on shares of Monster Beverage Corporation in a research note on Friday, June 23rd. Finally, Zacks Investment Research cut Monster Beverage Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $56.28.
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Monster Beverage Corporation (MNST) traded up 2.28% during trading on Friday, reaching $53.72. The company had a trading volume of 1,154,249 shares. The company’s 50-day moving average is $51.76 and its 200 day moving average is $47.74. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $54.24. The firm has a market capitalization of $30.52 billion, a price-to-earnings ratio of 40.64 and a beta of 0.96.
Monster Beverage Corporation (NASDAQ:MNST) last released its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $907.07 million for the quarter, compared to the consensus estimate of $901.38 million. Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank raised its position in Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares during the period. Commonwealth Bank of Australia raised its position in Monster Beverage Corporation 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 buying an additional 232 shares during the period. Coconut Grove Bank raised its position in Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock worth $118,000 after buying an additional 1,440 shares during the period. Dynamic Advisors Solutions LLC bought a new position in Monster Beverage Corporation during the second quarter worth about $202,000. Finally, Fiduciary Trust Co. bought a new position in Monster Beverage Corporation during the second quarter worth about $212,000. Hedge funds and other institutional investors own 65.91% of the company’s stock.
Monster Beverage Corporation 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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