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Monsanto Getting Lost in the Weeds

Posted Jun 30th 2010 1:45PM by Wade Hansen (RSS feed)
Filed under: Earnings Reports, Stocks to Sell

If you are looking for a textbook downtrend, you need look no further than agricultural giant Monsanto (MON). Since hitting a high just above $85 in early January, Monsanto has been on an uninterrupted escalator down to $45.

Unfortunately for Monsanto, today's disappointing earnings announcement is going to do nothing to help change that situation.

Monsanto announced that it only earned $0.70 per share last quarter -- compared to the $1.25 per share the company earned last year. So earnings are off by 44% while the stock price is off by 47% this year.

It looks like poor Roundup and other glyphosate-based herbicide sales are largely to blame for Monsanto's struggles. It's not that farmers and others aren't buying as much herbicide. The problem is the price of these herbicides has declined from $35 a gallon a few years ago to current levels of $8 to $11 a gallon.

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Monsanto tops 3Q profit estimates, warns on Roundup earnings

Posted Jun 24th 2009 12:40PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Forecasts, Options

Monsanto Co. (NYSE: MON) pleasantly surprised the Street with a stronger-than-expected third-quarter profit. This morning, the company reported quarterly net income of $694 million, or $1.25 per share, besting analysts' expectations for a profit of $1.18 per share. Net sales arrived at $3.2 billion, down 11% from the year-ago period.

Additionally, Monsanto said it will create a separate division for its herbicides business, in order to "better align spending and working capital needs." The firm will also undergo a restructuring that will result in 900 lost jobs, or less than 4% of its global workforce. The change will translate to a fourth-quarter charge of roughly $350 million, or 41 cents to 47 cents per share.

Continue reading Monsanto tops 3Q profit estimates, warns on Roundup earnings