Monster Beverage (MNST) Set to Announce Quarterly Earnings on Thursday

Monster Beverage (NASDAQ:MNST) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.44 per share for the quarter.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. Monster Beverage’s revenue for the quarter was up 14.4% compared to the same quarter last year. 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 Stock Up 0.4 %

Shares of MNST traded up $0.22 during trading on Friday, reaching $53.37. 4,204,563 shares of the company traded hands, compared to its average volume of 5,588,323. Monster Beverage has a twelve month low of $47.13 and a twelve month high of $61.22. The stock has a 50-day simple moving average of $56.97 and a 200-day simple moving average of $55.60. The stock has a market cap of $55.54 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.17 and a beta of 0.72.

Insiders Place Their Bets

In other news, Director Mark J. Hall sold 659,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the sale, the director now directly owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MNST. Citigroup raised their price objective on shares of Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. UBS Group boosted their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. lowered Monster Beverage from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $66.00 to $59.00 in a research report on Thursday. Redburn Atlantic initiated coverage on Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating for the company. Finally, Truist Financial cut Monster Beverage from a “buy” rating to a “sell” rating and lowered their target price for the stock from $65.00 to $46.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.79.

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.