Monster Beverage Corporation Expected to Post Q1 2018 Earnings of $0.36 Per Share (MNST)
Monster Beverage Corporation (NASDAQ:MNST) – Investment analysts at SunTrust Banks boosted their Q1 2018 earnings per share (EPS) 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, up from their previous forecast 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.
MNST has been the subject of a number of other research reports. Morgan Stanley reissued an “overweight” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a report on Monday, May 15th. Zacks Investment Research cut Monster Beverage Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Susquehanna Bancshares Inc restated a “hold” rating and issued a $42.00 price target (down previously from $45.00) on shares of Monster Beverage Corporation in a research report on Monday, August 7th. BMO Capital Markets restated a “buy” rating on shares of Monster Beverage Corporation in a research report on Thursday, April 27th. Finally, Cowen and Company restated an “outperform” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research report on Thursday, June 22nd. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $56.28.
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Shares of Monster Beverage Corporation (MNST) opened at 53.82 on Thursday. The company has a 50-day moving average of $51.84 and a 200 day moving average of $47.82. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of 40.71 and a beta of 0.96. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $161.74.
Monster Beverage Corporation (NASDAQ:MNST) last issued 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. The company had revenue of $907.07 million during the quarter, compared to analysts’ expectations of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. Monster Beverage Corporation’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS.
Several institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in Monster Beverage Corporation by 210.6% in the first quarter. Stifel Financial Corp now owns 233,660 shares of the company’s stock valued at $10,802,000 after buying an additional 158,424 shares in the last quarter. Axiom International Investors LLC DE raised its position in Monster Beverage Corporation by 18.5% in the first quarter. Axiom International Investors LLC DE now owns 643,414 shares of the company’s stock valued at $29,706,000 after buying an additional 100,614 shares in the last quarter. Boston Advisors LLC raised its position in Monster Beverage Corporation by 7,367.2% in the first quarter. Boston Advisors LLC now owns 386,653 shares of the company’s stock valued at $17,852,000 after buying an additional 381,475 shares in the last quarter. Nomura Holdings Inc. raised its position in Monster Beverage Corporation by 83.7% in the first quarter. Nomura Holdings Inc. now owns 20,372 shares of the company’s stock valued at $940,000 after buying an additional 9,281 shares in the last quarter. Finally, Gilbert & Cook Inc. purchased a new position in Monster Beverage Corporation during the second quarter valued at $286,000. 65.91% of the stock is currently owned by institutional investors and hedge funds.
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.
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