Monsanto Company Reports Q4 Loss; Misses EPS Estimates (MON)
Before the opening bell on Wednesday morning, Monsanto Company (MON) reported its fourth quarter earnings, posting higher revenues than last year’s same quarter, but still posting a net loss of 27 cents per share.
MON’s Earnings in Brief
- Monsanto reported fourth quarter revenues of $2.63 billion, up from last year’s Q4 revenues of $2.2 billion.
- MON had a net loss for its fourth quarter of $156 million, or 27 cents per share, which is still an improvement from last year’s Q4 loss of $249 million, or 47 cents per share.
- The company’s Q4 results missed analysts’ EPS views of a 24 cent loss, but revenues beat The $2.41 billion expectation.
MON chairman and CEO Hugh Grant had the following comments: “We’re confident in our ability to deliver the targets we’ve set in both the near term and over the longer term. In an industry that’s particularly near-term focused right now, there are few companies as well positioned to deliver strong growth today while significantly increasing investments to enable the continued delivery of a broad range of innovative solutions for tomorrow.”
Monsanto will pay its next quarterly dividend of 49 cents on October 31. The stock goes ex-dividend on October 10.
MON stock was down $1.42, or 1.31%, in pre-market trading. YTD, the stock is down 6.95%.
The Bottom Line
Monsanto Company (MON) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability