Monsanto misses profit estimates on lower volumes and prices for corn
Monsanto misses profit estimates on lower volumes and prices for corn
Company delivered'solid earnings despite'tough economics
06 April, 2018, 17:47
A number of equities research analysts have weighed in on the stock. The company maintains price to book ratio of 7.80. The stock has "Speculative Buy" rating by Canaccord Genuity on Thursday, March 17. On Wednesday, September 21 the stock rating was upgraded by JP Morgan to "Overweight".
Jennison Associates LLC reduced its stake in shares of Monsanto Co.
On adjusted basis, the company reported $183 million or $0.41 per diluted share in the first quarter of fiscal year 2018. $52.04B is the MC of Monsanto Co New. The stock increased 1.28% or $1.49 during the last trading session, reaching $117.7. The basic materials company reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.31 by ($0.09).
Monsanto (NYSE:MON) last issued its quarterly earnings data on Thursday, April 5th. Monday underperformed by 8.49% the S&P 500. It develops and produces gas and oil reserves at onshore locations in the Bowland Basin in the North West of England; the Gainsborough Trough in the East Midlands; the Weald Basin in the southern England; and the northern coastal area of the Inner Moray Firth in Scotland. GOEBEL BRIAN A sold $83,033 worth of stock or 1,220 shares. About 766,189 shares traded. IGas Energy Plc (LON:IGAS) has 0.00% since April 5, 2017 and is. It has underperformed by 5.37% the S&P500. Its down 0.03, from 0.84 in 2017Q3.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 246 grew stakes while 75 funds amassed stakes. 317.44 million shares or 1.24% less from 321.42 million shares in 2017Q3 were reported. Nuwave Mngmt Ltd Liability Corp accumulated 11,820 shares. Valmark Advisers invested in 0.01% or 2,668 shs. (NYSE:MON) traded down 0.0207% on Friday, hitting $100.6392. Ngam Advsr LP has invested 0.03% of its portfolio in Monsanto Company (NYSE:MON). Mondrian Investment Partners LTD now owns 785,779 shares of the company's stock valued at $81,257,000 after buying an additional 142,262 shares during the period. Smithfield Trust Co owns 1,507 shares for 0.02% of their portfolio. 161 are held by West Oak Capital Limited Liability Corp.
Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) saw shares shed almost 5% before the bell to US$57.45. Following the completion of the purchase, the director now directly owns 64,009 shares in the company, valued at $6,607,649.07. Sumitomo Mitsui Holdg Inc stated it has 1.29 million shares. Federated Investors Inc Pa has invested 0% of its portfolio in Monsanto Company (NYSE:MON). Insiders own 0.88% of the company's stock. The agricultural chemicals company at the end of 2017Q4 was valued at $77.77 million. Time Warner Inc (NYSE:TWX) was raised too.
Since October 9, 2017, it had 0 buys, and 4 sales for $3.84 million activity. The insider Courduroux Pierre sold $527,040.
The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Monsanto has $128.0 highest and $118 lowest target.
In other news, EVP Steven Mizell sold 8,100 shares of the business's stock in a transaction on Tuesday, January 9th. On Tuesday, October 17 Jefferies maintained Monsanto Company (NYSE:MON) rating. On Monday, November 13 the firm has "Hold" rating by RBC Capital Markets given. Monsanto also expects to hold genetic share for the full year in corn despite lower volumes and pricing in the quarter. The company was upgraded on Monday, September 26 by Bernstein. The firm earned "Buy" rating on Friday, October 9 by Argus Research. Wells Fargo has "Hold" rating and $128.0 target. The firm earned "Outperform" rating on Friday, January 6 by CLSA.
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