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

Monster Beverage (NASDAQ:MNST) is expected to be releasing 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 wish to register for the company’s earnings conference call can do so using this link.

Monster Beverage Stock Performance

NASDAQ MNST opened at $52.13 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage has a 1 year low of $43.32 and a 1 year high of $61.22. The company has a market capitalization of $50.70 billion, a PE ratio of 33.42, a P/E/G ratio of 2.28 and a beta of 0.74. The company has a fifty day moving average of $50.19 and a two-hundred day moving average of $51.07.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of Monster Beverage from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Needham & Company LLC initiated coverage on shares of Monster Beverage in a research note on Friday, December 6th. They set a “hold” rating for the company. Finally, BNP Paribas lowered their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.53.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is owned by insiders.

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.