Monsanto (MON) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Monsanto (NYSE:MON) announced its earnings results on Thursday. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01), Briefing.com reports. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the business earned $0.21 EPS. Monsanto’s quarterly revenue was up .3% on a year-over-year basis.
Monsanto (MON) opened at $118.00 on Thursday. Monsanto has a twelve month low of $104.83 and a twelve month high of $122.79. The firm has a market cap of $51,940.00, a PE ratio of 23.23, a P/E/G ratio of 1.69 and a beta of 1.04. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, January 4th. Monsanto’s dividend payout ratio (DPR) is presently 42.52%.
A number of equities analysts recently weighed in on MON shares. BMO Capital Markets reissued a “buy” rating and set a $128.00 target price on shares of Monsanto in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Thursday, September 14th. Barclays reissued an “equal weight” rating and set a $124.00 target price (up previously from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Jefferies Group reissued a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Friday, September 15th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $124.61.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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