Brokerages Expect Monster Beverage Corporation (MNST) Will Announce Quarterly Sales of $900.58 Million

Brokerages expect that Monster Beverage Corporation (NASDAQ:MNST) will announce sales of $900.58 million for the current quarter, according to Zacks. Five analysts have made estimates for Monster Beverage Corporation’s earnings. The lowest sales estimate is $885.30 million and the highest is $914.90 million. Monster Beverage Corporation reported sales of $787.95 million in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The company is scheduled to report its next quarterly earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Monster Beverage Corporation will report full-year sales of $900.58 million for the current financial year, with estimates ranging from $3.33 billion to $3.40 billion. For the next year, analysts forecast that the business will report sales of $3.76 billion per share, with estimates ranging from $3.57 billion to $3.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Monster Beverage Corporation.

Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company had revenue of $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis.

Several brokerages have weighed in on MNST. UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the company a “buy” rating in a report on Wednesday, June 21st. Jefferies Group LLC lifted their price objective on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a report on Wednesday, August 9th. Credit Suisse Group set a $61.00 price target on Monster Beverage Corporation and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research cut Monster Beverage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Monster Beverage Corporation presently has a consensus rating of “Buy” and a consensus target price of $56.86.

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 56.29 on Thursday. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $57.25. The company has a market cap of $31.98 billion, a PE ratio of 42.58 and a beta of 1.02. The stock’s 50 day moving average price is $55.86 and its 200 day moving average price is $51.48.

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In related news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the director now owns 52,000 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its position in shares of Monster Beverage Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,349 shares of the company’s stock valued at $514,000 after buying an additional 27 shares during the last quarter. United Capital Financial Advisers LLC grew its position in shares of Monster Beverage Corporation by 0.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,878 shares of the company’s stock valued at $456,000 after buying an additional 38 shares during the last quarter. Accuvest Global Advisors grew its position in shares of Monster Beverage Corporation by 0.4% in the 2nd quarter. Accuvest Global Advisors now owns 10,256 shares of the company’s stock valued at $510,000 after buying an additional 38 shares during the last quarter. Wendell David Associates Inc. grew its position in shares of Monster Beverage Corporation by 0.9% in the 2nd quarter. Wendell David Associates Inc. now owns 7,264 shares of the company’s stock valued at $361,000 after buying an additional 64 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Monster Beverage Corporation by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock valued at $630,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 65.86% of the company’s stock.

Monster Beverage Corporation Company Profile

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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Earnings History and Estimates for Monster Beverage Corporation (NASDAQ:MNST)

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