Coca-Cola Amatil Ltd.(CCLAF)- OTCPK - Current
  • Fri, Apr. 29, 1:29 PM
    • Monster (MNST +12.9%) rips higher after a nifty $0.07 EPS beat that was split almost evenly between sales growth and margin gains.
    • On Wall Street, Susquehanna raised estimates on the beverage company after factoring in the company's strong Q1 report.
    • Analyst Pablo Zuanic forecast FY16 EPS of $3.78 and FY17 EPS of $4.45. He also assigned a 30% premium to Monster in comparison to peers to derive a new price target of $132. The Neutral stance on MNST from Zuanic is based in part on some risk in international markets and the potential for further disruption during the transition to the Coca-Cola system.
    • On top of earnings today, Monster struck a key distribution deal with Coca-Cola Amatil (OTCPK:CCLAF, OTCPK:CCLAY) and announced its intent to buy back $2M in shares through a modified Dutch auction tender process.
    • Monster's trading volume today is already 2X normal activity.
    • Previously: Monster Beverage beats by $0.06, beats on revenue
    | Fri, Apr. 29, 1:29 PM | 3 Comments