Monster Beverage (MNST) Scheduled to Post Quarterly Earnings on Thursday

Monster Beverage (NASDAQ:MNST) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. Monster Beverage’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. On average, analysts expect Monster Beverage to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $54.11 on Wednesday. The business’s 50 day moving average price is $51.25 and its 200 day moving average price is $50.97. The firm has a market cap of $53.00 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.37 and a beta of 0.74. Monster Beverage has a 52 week low of $43.32 and a 52 week high of $61.22. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MNST shares. Jefferies Financial Group lowered their price objective on Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on Monster Beverage from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday. Bank of America upped their price objective on Monster Beverage from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Citigroup lowered their price objective on Monster Beverage from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.79.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.