Brokerages expect Monster Beverage Corp (NASDAQ:MNST) to post $1.01 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Monster Beverage’s earnings. The highest sales estimate is $1.05 billion and the lowest is $980.20 million. Monster Beverage reported sales of $907.07 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The business is expected to report its next quarterly earnings report on Tuesday, August 14th.

On average, analysts expect that Monster Beverage will report full year sales of $3.76 billion for the current year, with estimates ranging from $3.71 billion to $3.82 billion. For the next financial year, analysts anticipate that the company will post sales of $4.15 billion per share, with estimates ranging from $4.00 billion to $4.28 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Monster Beverage.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Tuesday, May 8th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $850.92 million for the quarter, compared to analyst estimates of $845.88 million. Monster Beverage had a net margin of 24.69% and a return on equity of 22.88%. Monster Beverage’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS.

Several research firms have weighed in on MNST. BidaskClub upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday, June 30th. Morgan Stanley boosted their target price on shares of Monster Beverage from $61.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 11th. Jefferies Financial Group boosted their target price on shares of Monster Beverage from $62.00 to $63.00 and gave the company a “buy” rating in a report on Friday, June 8th. Susquehanna Bancshares set a $42.00 target price on shares of Monster Beverage and gave the company a “sell” rating in a report on Thursday, June 7th. Finally, Evercore ISI set a $65.00 target price on shares of Monster Beverage and gave the company a “buy” rating in a report on Tuesday, June 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.56.

Monster Beverage traded up $0.68, hitting $60.25, on Friday, Marketbeat reports. The stock had a trading volume of 363,553 shares, compared to its average volume of 2,422,019. The firm has a market capitalization of $33.04 billion, a price-to-earnings ratio of 40.88, a PEG ratio of 2.15 and a beta of 1.28. Monster Beverage has a 1-year low of $47.61 and a 1-year high of $70.21.

Monster Beverage declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Hedge funds have recently modified their holdings of the company. Optimum Investment Advisors acquired a new position in shares of Monster Beverage in the 1st quarter worth approximately $120,000. Captrust Financial Advisors acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $177,000. Synovus Financial Corp acquired a new stake in Monster Beverage during the 1st quarter worth approximately $175,000. Stone Ridge Asset Management LLC acquired a new stake in Monster Beverage during the 4th quarter worth approximately $215,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Monster Beverage during the 1st quarter worth approximately $200,000. Hedge funds and other institutional investors own 65.35% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages, soda, and its concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged drinks, non-carbonated dairy based coffee and energy drinks, and non-carbonated energy shakes primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations; and ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

Get a free copy of the Zacks research report on Monster Beverage (MNST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.