Monster Beverage Corporation (MNST) Releases Earnings Results, Beats Expectations By $0.05 EPS

Monster Beverage Corporation (MNST) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.74. The company posted revenue of $680.20 million in the period, compared to analysts expectations of $656.78 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Monster Beverage Corporation. BofA/Merrill Initiated Monster Beverage Corporation on Mar 22, 2016 to “Neutral”, Price Target of the shares are set at $144.Shares were Reiterated by Stifel on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 160 from a previous price target of $170 .Monster Beverage Corporation was Upgraded by Credit Agricole to ” Buy” on Feb 26, 2016.

Monster Beverage Corporation closed down -0.35 points or -0.28% at $123.43 with 19,28,024 shares getting traded on Wednesday. Post opening the session at $123.66, the shares hit an intraday low of $120.91 and an intraday high of $124.08 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 3, 2015, Thomas J Kelly (Senior VP – Monster Energy Co.) sold 26,033 shares at $157.89 per share price. According to the SEC, on Sep 15, 2015, Harold C Jr Taber (director) sold 19,680 shares at $132.25 per share price. On Apr 24, 2015, Hilton H Schlosberg (Vice Chairman and President) sold 76,876 shares at $140.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Monster Beverage Corporation

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