The closing price of Monster Beverage Corp. (NASDAQ: MNST) was $55.95 for the day, down -1.67% from the previous closing price of $56.90. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 4725677 shares were traded.
Ratios:
Our analysis of MNST’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.91. For the most recent quarter (mrq), Quick Ratio is recorded 3.97 and its Current Ratio is at 4.81. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On February 29, 2024, UBS reiterated its Neutral rating and also lowered its target price recommendation from $62 to $63.
RBC Capital Mkts reiterated its Outperform rating for the stock on February 29, 2024, while the target price for the stock was revised from $60 to $65.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 04 ’24 when HALL MARK J sold 659,000 shares for $58.55 per share. The transaction valued at 38,584,450 led to the insider holds 777,840 shares of the business.
Carling Guy sold 34,553 shares of MNST for $1,919,419 on Dec 14 ’23. The President of EMEA now owns 0 shares after completing the transaction at $55.55 per share. On Nov 22 ’23, another insider, KELLY THOMAS J, who serves as the Chief Financial Officer of the company, sold 30,000 shares for $55.19 each. As a result, the insider received 1,655,700 and left with 60,056 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MNST now has a Market Capitalization of 59.56B and an Enterprise Value of 56.31B. As of this moment, Monster’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.30, and their Forward P/E ratio for the next fiscal year is 27.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.15 while its Price-to-Book (P/B) ratio in mrq is 7.08. Its current Enterprise Value per Revenue stands at 7.89 whereas that against EBITDA is 27.84.
Stock Price History:
The Beta on a monthly basis for MNST is 0.72, which has changed by 6.45% over the last 52 weeks, in comparison to a change of 26.95% over the same period for the S&P500. Over the past 52 weeks, MNST has reached a high of $61.22, while it has fallen to a 52-week low of $47.13. The 50-Day Moving Average of the stock is 57.33, while the 200-Day Moving Average is calculated to be 56.03.
Shares Statistics:
MNST traded an average of 5.22M shares per day over the past three months and 4.05M shares per day over the past ten days. A total of 1.04B shares are outstanding, with a floating share count of 752.38M. Insiders hold about 27.70% of the company’s shares, while institutions hold 66.20% stake in the company. Shares short for MNST as of Mar 15, 2024 were 12.47M with a Short Ratio of 2.39, compared to 13.32M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.89%.
Earnings Estimates
The firm’s stock currently is rated by 17 analysts. On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.46 and a low estimate of $0.41, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.47, with high estimates of $0.49 and low estimates of $0.45.
Analysts are recommending an EPS of between $1.9 and $1.73 for the fiscal current year, implying an average EPS of $1.82. EPS for the following year is $2.07, with 20 analysts recommending between $2.2 and $1.91.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $1.98B to a low estimate of $1.8B. As of the current estimate, Monster Beverage Corp.’s year-ago sales were $1.7B, an estimated increase of 12.70% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $2.08B, an increase of 12.00% less than the figure of $12.70% in the same quarter last year. There is a high estimate of $2.16B for the next quarter, whereas the lowest estimate is $1.98B.
A total of 21 analysts have provided revenue estimates for MNST’s current fiscal year. The highest revenue estimate was $8.15B, while the lowest revenue estimate was $7.74B, resulting in an average revenue estimate of $7.97B. In the same quarter a year ago, actual revenue was $7.14B, up 11.60% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $8.76B in the next fiscal year. The high estimate is $9.16B and the low estimate is $8.32B. The average revenue growth estimate for next year is up 10.00% from the average revenue estimate for this year.
