Monster Beverage Corporation (NASDAQ:MNST) – Investment analysts at SunTrust Banks cut their Q4 2017 earnings per share estimates for Monster Beverage Corporation in a research note issued on Tuesday. SunTrust Banks analyst W. Chappell now expects that the company will earn $0.36 per share for the quarter, down from their prior estimate of $0.37.

Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm had revenue of $907.07 million for the quarter, compared to analysts’ expectations of $901.38 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Monster Beverage Corporation to Post Q4 2017 Earnings of $0.36 Per Share, SunTrust Banks Forecasts (MNST)” was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/monster-beverage-corporation-to-post-q4-2017-earnings-of-0-36-per-share-suntrust-banks-forecasts-mnst.html.

Several other brokerages also recently weighed in on MNST. Goldman Sachs Group, Inc. (The) boosted their price target on Monster Beverage Corporation from $54.00 to $57.00 and gave the company a “buy” rating in a report on Monday, May 15th. Credit Suisse Group set a $61.00 price objective on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Wednesday. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and set a $57.00 price objective on shares of Monster Beverage Corporation in a report on Wednesday. Finally, UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $56.28.

Monster Beverage Corporation (MNST) traded up 2.28% on Friday, hitting $53.72. The stock had a trading volume of 1,154,049 shares. The company’s 50-day moving average price is $51.76 and its 200 day moving average price is $47.74. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $54.24. The firm has a market cap of $30.52 billion, a price-to-earnings ratio of 40.64 and a beta of 0.96.

A number of hedge funds have recently made changes to their positions in MNST. BlackRock Inc. increased its stake in shares of Monster Beverage Corporation by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock valued at $995,459,000 after buying an additional 20,475,879 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Monster Beverage Corporation by 161.4% in the first quarter. American Century Companies Inc. now owns 4,349,597 shares of the company’s stock valued at $200,821,000 after buying an additional 2,685,321 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Monster Beverage Corporation by 297.8% in the first quarter. Renaissance Technologies LLC now owns 1,804,200 shares of the company’s stock valued at $83,300,000 after buying an additional 1,350,700 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Monster Beverage Corporation by 91.8% in the first quarter. William Blair Investment Management LLC now owns 2,000,603 shares of the company’s stock valued at $92,368,000 after buying an additional 957,769 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in shares of Monster Beverage Corporation by 6,737.7% in the second quarter. Harbour Capital Advisors LLC now owns 890,266 shares of the company’s stock valued at $17,920,000 after buying an additional 877,246 shares in the last quarter. Hedge funds and other institutional investors 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)

Receive News & Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related companies with MarketBeat.com's FREE daily email newsletter.