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

Monster Beverage (NASDAQ:MNST) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors interested in listening 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). Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $0.39 earnings per share. Monster Beverage’s revenue for the quarter was up 2.4% on a year-over-year basis. 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

Monster Beverage stock opened at $54.11 on Wednesday. The stock has a market cap of $53.00 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. The firm has a 50 day simple moving average of $51.25 and a 200-day simple moving average of $50.97. Monster Beverage has a 1-year low of $43.32 and a 1-year high of $61.22.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial decreased their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Wells Fargo & Company increased their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday. Piper Sandler decreased their price objective on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Citigroup lowered their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.79.

Monster Beverage Company Profile

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.