Today's stock selection:
MON Monsanto
Focus: Growth and Income stock
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MON is set to announce results for the fiscal third quarter on June 25, prior to market open. Wall Street estimates have been moving up ahead of the report. Four out of 12 covering analysts lifted third-quarter earnings forecasts from last month’s $1.33 per share to $1.35. The most accurate projection is higher at $1.36. The company recently hiked its quarterly dividend from 17.5 cents per share to 24 cents per share. The new dividend is payable on July 25, 2008, to shareowners of record on July 3, 2008.
Monsanto is an agricultural company that applies innovation and technology to help farmers around the world produce more while conserving more. The company helps farmers grow yield sustainably so they can be successful, produce healthier foods, better animal feeds and more fiber, while also reducing agriculture's impact on our environment.
http://www.zacks.com/rank/zcommentary/?id=7920
Monsanto’s earnings per share are expected to grow by 19% over the next 3 – 5 years, which is ahead of the industry average of 15%. The company’s return on equity (ROE) of 21% crushes the industry average of 6%.
Wall Street estimates have been moving up ahead of MON’s quarterly report. Four out of 12 covering analysts lifted third-quarter earnings forecasts from last month’s $1.33 per share to $1.35. The most accurate projection is higher at $1.36.
I believe, MON is an excellent buy opportunity for the long term focused investors!
$131.17999 (06/25/08)
