Zacks: Analysts Anticipate National Beverage Corp. (NASDAQ:FIZZ) Will Announce Earnings of $0.74 Per Share

Wall Street analysts forecast that National Beverage Corp. (NASDAQ:FIZZ) will announce $0.74 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for National Beverage’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.80. National Beverage posted earnings per share of $1.04 during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.8%. The company is expected to issue its next quarterly earnings report on Thursday, September 5th.

On average, analysts expect that National Beverage will report full year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.57. For the next fiscal year, analysts expect that the firm will post earnings of $2.45 per share, with EPS estimates ranging from $2.19 to $2.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for National Beverage.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.10). National Beverage had a return on equity of 39.35% and a net margin of 13.89%. The firm had revenue of $239.91 million during the quarter, compared to analysts’ expectations of $232.10 million.

A number of analysts recently weighed in on the stock. UBS Group raised shares of National Beverage from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $48.00 in a research report on Tuesday, June 4th. Cfra lowered shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Tuesday, June 11th. BidaskClub lowered shares of National Beverage from a “sell” rating to a “strong sell” rating in a research report on Friday, July 12th. Guggenheim raised their target price on shares of National Beverage to $45.00 and gave the stock a “sell” rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research lowered shares of National Beverage from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 16th. Four investment 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. The stock has a consensus rating of “Hold” and a consensus target price of $57.88.

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new position in shares of National Beverage during the first quarter worth approximately $25,000. Royce & Associates LP purchased a new position in shares of National Beverage during the first quarter worth approximately $42,000. Resources Investment Advisors LLC. bought a new position in shares of National Beverage during the second quarter valued at approximately $45,000. Private Capital Group LLC bought a new position in shares of National Beverage during the first quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of National Beverage by 28,600.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the company’s stock valued at $51,000 after purchasing an additional 1,144 shares in the last quarter. 25.18% of the stock is currently owned by institutional investors and hedge funds.

National Beverage stock traded up $1.31 during midday trading on Friday, reaching $42.69. The stock had a trading volume of 390,700 shares, compared to its average volume of 567,710. National Beverage has a 52-week low of $40.05 and a 52-week high of $127.32. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 8.08 and a beta of 1.27. The company has a fifty day moving average of $43.32 and a 200 day moving average of $54.28.

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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Earnings History and Estimates for National Beverage (NASDAQ:FIZZ)

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