Monster Beverage (MNST) Expected to Announce Quarterly Earnings on Thursday

Monster Beverage (NASDAQ:MNST) is expected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Monster Beverage to post earnings of $0.40 per share and revenue of $1.80 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Monster Beverage Price Performance

MNST stock opened at $52.13 on Wednesday. The firm has a market cap of $50.70 billion, a P/E ratio of 33.42, a P/E/G ratio of 2.28 and a beta of 0.74. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $50.19 and its two-hundred day moving average price is $51.07. Monster Beverage has a 12 month low of $43.32 and a 12 month high of $61.22.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Cowen lifted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company upped 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, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Needham & Company LLC started coverage on shares of Monster Beverage in a report on Friday, December 6th. They set a “hold” rating on the stock. Finally, UBS Group dropped their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and a consensus target price of $55.53.

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.