Monster Beverage (NASDAQ:MNST) Releases Earnings Results, Hits Estimates

Monster Beverage (NASDAQ:MNST – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30, Zacks reports. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS.

Monster Beverage Price Performance

Shares of MNST traded down $2.11 during trading hours on Friday, reaching $45.72. 15,680,007 shares of the company’s stock traded hands, compared to its average volume of 11,133,909. The firm has a market capitalization of $89.57 billion, a price-to-earnings ratio of 42.33, a P/E/G ratio of 3.07 and a beta of 0.51. Monster Beverage has a twelve month low of $34.26 and a twelve month high of $50.17. The business’s fifty day simple moving average is $44.71 and its two-hundred day simple moving average is $43.30.

Key Monster Beverage News

Here are the key news stories impacting Monster Beverage this week:

Analyst Upgrades and Downgrades

MNST has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $100.00 target price (up from $98.00) on shares of Monster Beverage in a research note on Monday, August 10th. Evercore dropped their price target on Monster Beverage from $95.00 to $52.00 in a research report on Thursday, October 8th. Sanford C. Bernstein lowered their price objective on Monster Beverage from $95.00 to $50.00 in a research note on Sunday, August 23rd. Stifel Nicolaus set a $52.00 price target on shares of Monster Beverage in a research report on Thursday, October 22nd. Finally, Weiss Ratings upgraded shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price of $67.05.

Get Our Latest Report on MNST

Monster Beverage Company Profile

(Get Free Report)

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages.

The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012.

Based in Corona, California, Monster sells its products in the United States and internationally.

See Also

Earnings History for Monster Beverage (NASDAQ:MNST)

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