Monster Beverage (MNST) to Release Quarterly Earnings on Thursday

Monster Beverage (NASDAQ:MNST) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Monster Beverage to post earnings of $0.42 per share for the quarter.

Monster Beverage (NASDAQ:MNST) last issued its quarterly 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 company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company earned $0.39 EPS. Monster Beverage’s quarterly revenue 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 Down 0.3 %

Shares of NASDAQ:MNST opened at $52.50 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. The firm has a fifty day moving average of $50.87 and a 200 day moving average of $51.02. Monster Beverage has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a market capitalization of $51.43 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

Analysts Set New Price Targets

Several analysts recently issued reports on MNST shares. TD Cowen cut their target price on Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Monday, July 15th. Piper Sandler cut their price objective on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Roth Mkm decreased their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Evercore ISI dropped their price target on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, BMO Capital Markets decreased their price objective on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Two investment 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’s stock. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price of $55.68.

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.