Monster Beverage (MNST) to Release Earnings on Thursday

Monster Beverage (NASDAQ:MNST - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Monster Beverage to post earnings of $0.44 per share for the quarter.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share (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 firm had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.76 billion. During the same quarter last year, the business earned $0.28 earnings per share. The company's 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

MNST traded up $0.22 during midday trading on Friday, reaching $53.37. 4,204,563 shares of the company were exchanged, compared to its average volume of 5,588,323. Monster Beverage has a one year low of $47.13 and a one year high of $61.22. The stock has a market capitalization of $55.54 billion, a P/E ratio of 34.43, a PEG ratio of 2.17 and a beta of 0.72. The stock's 50-day simple moving average is $56.97 and its 200 day simple moving average is $55.64.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MNST shares. Truist Financial cut Monster Beverage from a "buy" rating to a "sell" rating and reduced their target price for the stock from $65.00 to $46.00 in a report on Thursday. Jefferies Financial Group raised their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. Citigroup lifted their price objective on Monster Beverage from $63.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, January 17th. BMO Capital Markets boosted their price objective on Monster Beverage from $57.00 to $58.00 and gave the company a "market perform" rating in a research report on Wednesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $64.00 to $63.00 and set a "buy" rating for the company in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.