$4.62 Billion in Sales Expected for Monsanto (MON) This Quarter

Analysts forecast that Monsanto (NYSE:MON) will report $4.62 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Monsanto’s earnings. The highest sales estimate is $4.79 billion and the lowest is $4.45 billion. Monsanto reported sales of $4.23 billion during the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, June 27th.

On average, analysts expect that Monsanto will report full year sales of $15.05 billion for the current year, with estimates ranging from $14.67 billion to $15.58 billion. For the next year, analysts expect that the business will post sales of $15.81 billion per share, with estimates ranging from $15.36 billion to $16.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Monsanto.

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Monsanto (NYSE:MON) last announced its quarterly earnings results on Thursday, April 5th. The basic materials company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.09). Monsanto had a net margin of 17.07% and a return on equity of 37.31%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter last year, the company earned $3.19 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis.

A number of equities analysts have commented on MON shares. BMO Capital Markets lowered Monsanto from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 10th. ValuEngine raised Monsanto from a “hold” rating to a “buy” rating in a research note on Monday, April 9th. Argus lowered Monsanto from a “buy” rating to a “sell” rating in a research note on Monday. Zacks Investment Research lowered Monsanto from a “hold” rating to a “sell” rating in a research note on Monday, April 9th. Finally, Wells Fargo reissued a “market perform” rating and issued a $128.00 price objective (up previously from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $126.61.

Several institutional investors and hedge funds have recently modified their holdings of MON. Gradient Investments LLC acquired a new position in Monsanto in the fourth quarter valued at about $108,000. Americafirst Capital Management LLC acquired a new position in Monsanto in the third quarter valued at about $148,000. Elkfork Partners LLC acquired a new position in Monsanto in the fourth quarter valued at about $162,000. Truewealth LLC acquired a new position in Monsanto in the fourth quarter valued at about $163,000. Finally, Flinton Capital Management LLC lifted its stake in Monsanto by 90.9% in the fourth quarter. Flinton Capital Management LLC now owns 1,764 shares of the basic materials company’s stock valued at $206,000 after buying an additional 840 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MON traded down $0.13 during trading hours on Friday, reaching $125.57. The company had a trading volume of 1,365,529 shares, compared to its average volume of 3,890,151. Monsanto has a one year low of $114.19 and a one year high of $126.80. The stock has a market capitalization of $55,276.42, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.41 and a quick ratio of 0.85.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s dividend payout ratio (DPR) is presently 39.27%.

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Monsanto Company Profile

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.

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Earnings History and Estimates for Monsanto (NYSE:MON)

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