Brokers Set Expectations for Monster Beverage Co.’s Q1 2021 Earnings


Monster Beverage Co. (NASDAQ:MNST) – Research analysts at Jefferies Financial Group issued their Q1 2021 EPS estimates for shares of Monster Beverage in a research report issued to clients and investors on Thursday, February 25th. Jefferies Financial Group analyst K. Grundy forecasts that the company will post earnings per share of $0.61 for the quarter. Jefferies Financial Group has a “Buy” rating and a $96.00 price target on the stock. Jefferies Financial Group also issued estimates for Monster Beverage’s Q2 2021 earnings at $0.69 EPS, Q3 2021 earnings at $0.75 EPS, Q4 2021 earnings at $0.62 EPS and FY2022 earnings at $3.08 EPS.

MNST has been the subject of a number of other reports. UBS Group upgraded Monster Beverage from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $82.00 to $85.00 in a research report on Tuesday, November 17th. Evercore ISI upgraded Monster Beverage from an “in-line” rating to an “outperform” rating in a research report on Friday. Credit Suisse Group raised their price objective on Monster Beverage from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on Monster Beverage from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, January 15th. Finally, Truist raised their target price on Monster Beverage from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, January 15th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $93.26.

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Shares of MNST opened at $87.74 on Monday. Monster Beverage has a 1 year low of $50.06 and a 1 year high of $95.11. The company has a market capitalization of $46.32 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 2.92 and a beta of 1.11. The business has a 50-day moving average of $90.40 and a 200-day moving average of $85.34. Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, February 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Monster Beverage had a return on equity of 28.24% and a net margin of 26.99%.

A number of institutional investors have recently made changes to their positions in MNST. Clear Perspectives Financial Planning LLC acquired a new stake in Monster Beverage in the fourth quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Monster Beverage in the fourth quarter valued at approximately $27,000. Prospera Financial…



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