Monsanto Co. – Growth And Income – Zacks Rank Buy
Source: http://www.zacks.com/commentary/9452/Monsanto+Co.+-+Growth+And+Income+-+Zacks+Rank+BuyPosted on Wednesday, December 10th, 2008 | In Stocks to Watch
Monsanto Co. (MON) recently declared a quarterly dividend of 24 cents per share. The company noted that the dividend is payable on January 30 to shareowners of record on January 9. The dividend translates into a yield of 1.3%, which is better than the industry average.
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Company Description
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.
Rewarding Shareholders with Solid Income
The company recently declared a quarterly dividend of 24 cents per share. Monsanto noted that the dividend is payable on January 30 to shareowners of record on January 9. The dividend translates into a yield of 1.3%, which is better than the industry average.
Record results in the Fourth Quarter
Monsanto announced record net sales of $2 billion for the fourth quarter of fiscal 2008, a 35% increase from last year. MON noted that key drivers for the quarter were higher sales of branded Roundup herbicides and soybean seeds and traits.
Fourth-quarter earnings did come in at loss of 3 cents, but the result was narrower than the year-prior loss of 18 cents and 67% above analyst estimates.
Higher Estimates
Analysts are projecting earnings per share of $4.59 for the year ending August 2009. Three months ago, forecasts were at $4.48 per share. The current earnings estimate represents a 26% increase from the previous year’s result.
Favorable Industry Comparisons
Monsanto sports a return on equity (ROE) of 22%, well above the industry average of 5%. Earnings per share for MON are expected to grow by 23% over the next 3 5 years, versus the industry average of 15%.
“MON” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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