Monster Beverage (MNST) to Release Earnings on Thursday

Monster Beverage (NASDAQ:MNST) will 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 released its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business posted $0.28 EPS. The company’s quarterly revenue 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 Performance

Shares of NASDAQ:MNST traded up $0.22 during trading on Friday, reaching $53.37. 4,204,563 shares of the stock were exchanged, compared to its average volume of 5,588,323. The firm’s 50-day moving average price is $56.97 and its 200 day moving average price is $55.60. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.17 and a beta of 0.72. Monster Beverage has a 12-month low of $47.13 and a 12-month high of $61.22.

Wall Street Analyst Weigh In

MNST has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Truist Financial lowered Monster Beverage from a “buy” rating to a “sell” rating and cut their price objective for the company from $65.00 to $46.00 in a research report on Thursday. Royal Bank of Canada upped their target price on Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $66.00 to $59.00 in a report on Thursday. Finally, Citigroup increased their price objective on shares of Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and a consensus target price of $61.79.

Insider Buying and Selling

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now 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 SEC, which is available at this link. Insiders own 9.40% of the company’s stock.

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.