National Beverage (NASDAQ:FIZZ) posted its earnings results on Thursday, September 5th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03), Briefing.com reports. The firm had revenue of $263.57 million for the quarter, compared to analyst estimates of $272.85 million. National Beverage had a return on equity of 35.66% and a net margin of 12.85%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share.
NASDAQ FIZZ traded up $0.97 on Friday, hitting $48.04. 97,101 shares of the company were exchanged, compared to its average volume of 383,132. The company’s 50 day moving average price is $42.38 and its 200-day moving average price is $50.13. National Beverage has a twelve month low of $38.28 and a twelve month high of $124.94. The firm has a market capitalization of $2.12 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 9.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.50.
Several research firms have recently commented on FIZZ. Maxim Group restated a “hold” rating on shares of National Beverage in a research report on Thursday, June 27th. BidaskClub upgraded shares of National Beverage from a “strong sell” rating to a “sell” rating in a research report on Thursday. Imperial Capital restated an “outperform” rating and set a $65.00 price target (down previously from $150.00) on shares of National Beverage in a research report on Monday, July 1st. Jefferies Financial Group reduced their price objective on shares of National Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a report on Thursday, June 27th. Finally, Cfra downgraded shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a report on Tuesday, June 11th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. National Beverage has an average rating of “Hold” and an average price target of $57.31.
National Beverage Company Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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