Q3 2024 Earnings Forecast for Monster Beverage Co. Issued By Roth Capital (NASDAQ:MNST)

Monster Beverage Co. (NASDAQ:MNSTFree Report) – Stock analysts at Roth Capital upped their Q3 2024 earnings per share (EPS) estimates for Monster Beverage in a note issued to investors on Wednesday, June 12th. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $0.46 for the quarter, up from their previous forecast of $0.45. The consensus estimate for Monster Beverage’s current full-year earnings is $1.77 per share. Roth Capital also issued estimates for Monster Beverage’s Q4 2024 earnings at $0.42 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.50 EPS and FY2026 earnings at $2.55 EPS.

A number of other equities research analysts have also commented on the company. HSBC decreased their price objective on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $66.00 to $59.00 in a research note on Thursday, April 25th. Stifel Nicolaus dropped their price target on Monster Beverage from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Morgan Stanley dropped their price target on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Roth Mkm decreased their price objective on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.11.

Read Our Latest Report on MNST

Monster Beverage Stock Down 1.4 %

NASDAQ:MNST opened at $48.03 on Thursday. Monster Beverage has a 1-year low of $47.13 and a 1-year high of $61.22. The firm has a market capitalization of $50.03 billion, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. The stock has a fifty day simple moving average of $53.27 and a 200 day simple moving average of $55.66.

Monster Beverage (NASDAQ:MNSTGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business posted $0.38 earnings per share. Monster Beverage’s revenue for the quarter was up 11.8% on a year-over-year basis.

Insider Transactions at Monster Beverage

In other news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark J. Hall sold 250,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the transaction, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The disclosure for this sale can be found here. Insiders sold a total of 307,221 shares of company stock valued at $16,070,374 over the last ninety days. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Monster Beverage

A number of large investors have recently added to or reduced their stakes in MNST. LRI Investments LLC bought a new stake in shares of Monster Beverage in the first quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Monster Beverage during the fourth quarter valued at approximately $27,000. Tortoise Investment Management LLC lifted its holdings in shares of Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 396 shares during the last quarter. Headinvest LLC purchased a new position in Monster Beverage in the 3rd quarter worth approximately $28,000. Finally, Crewe Advisors LLC purchased a new position in Monster Beverage in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

About Monster Beverage

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Monster Beverage (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.