Wall Street analysts predict that Monster Beverage Corporation (NASDAQ:MNST) will report $903.36 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Monster Beverage Corporation’s earnings, with the highest sales estimate coming in at $914.90 million and the lowest estimate coming in at $885.30 million. Monster Beverage Corporation posted sales of $787.95 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.6%. The business is expected to announce its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Monster Beverage Corporation will report full-year sales of $903.36 million for the current fiscal year, with estimates ranging from $3.33 billion to $3.40 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.76 billion per share, with estimates ranging from $3.57 billion to $3.88 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Monster Beverage Corporation.

Monster Beverage Corporation (NASDAQ:MNST) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $901.38 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year.

MNST has been the topic of a number of recent research reports. Susquehanna Bancshares Inc set a $41.00 target price on shares of Monster Beverage Corporation and gave the stock a “hold” rating in a research report on Monday, May 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 target price on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Goldman Sachs Group, Inc. (The) upped their target price on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Monster Beverage Corporation presently has an average rating of “Buy” and an average price target of $56.28.

A number of institutional investors have recently made changes to their positions in the company. BB&T Corp boosted its position in shares of Monster Beverage Corporation by 18.1% in the first quarter. BB&T Corp now owns 124,930 shares of the company’s stock worth $5,768,000 after buying an additional 19,151 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Monster Beverage Corporation by 9.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 33,422 shares of the company’s stock valued at $1,543,000 after buying an additional 2,896 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Monster Beverage Corporation by 39.6% in the first quarter. Russell Investments Group Ltd. now owns 1,459,781 shares of the company’s stock valued at $67,399,000 after buying an additional 413,798 shares in the last quarter. Shell Asset Management Co. boosted its position in Monster Beverage Corporation by 22.8% in the first quarter. Shell Asset Management Co. now owns 88,347 shares of the company’s stock valued at $4,079,000 after buying an additional 16,375 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Monster Beverage Corporation during the first quarter valued at about $216,000. Institutional investors own 65.87% of the company’s stock.

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Shares of Monster Beverage Corporation (NASDAQ:MNST) traded up 0.44% during midday trading on Thursday, hitting $55.22. 1,810,028 shares of the stock were exchanged. The firm has a market cap of $31.37 billion, a PE ratio of 41.77 and a beta of 0.96. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $55.70. The firm’s 50-day moving average is $52.93 and its 200 day moving average is $48.67.

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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