Monster Beverage Corp (NASDAQ: MNST) released its earnings data on Wednesday. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $471.50 million for the quarter, compared to the consensus estimate of $483.61 million. During the same quarter last year, the company posted $0.35 earnings per share. Monster Beverage Corp’s revenue was up 15.0% compared to the same quarter last year.
MNST has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of Monster Beverage Corp from a “hold” rating to a “sell” rating in a research note to investors on Friday, February 15th. They now have a $45.00 price target on the stock. On a related note, analysts at TheStreet reiterated a “buy” rating on shares of Monster Beverage Corp in a research note to investors on Monday, February 11th. Finally, analysts at Longbow Research reiterated a “neutral” rating on shares of Monster Beverage Corp in a research note to investors on Friday, January 11th.
Four research analysts have rated the stock with a buy rating, and five have given a hold rating to the stock. The company currently has a consensus rating of “overweight” and an average target price of $101.25.
Shares of Monster Beverage Corp (MNST) traded up 1.37% during mid-day trading on Wednesday, hitting $49.62. Monster Beverage Corp (MNST) has a 52 week low of $39.99 and a 52 week high of $83.96. The stock’s 50-day moving average is currently $48.79. The company has a market cap of $8.503 billion and a P/E ratio of 26.90.
Monster Beverage Corporation, formerly Hansen Natural Corporation, is a holding company. The Company develops, markets, sells and distributes alternative beverage.
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