National Beverage (NASDAQ:FIZZ) posted its quarterly earnings results on Wednesday. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.60 by $0.17, Briefing.com reports. The company had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $246.27 million. National Beverage had a return on equity of 32.83% and a net margin of 12.99%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS.
Shares of NASDAQ:FIZZ opened at $63.38 on Friday. National Beverage has a 1 year low of $35.71 and a 1 year high of $68.86. The stock has a market capitalization of $2.95 billion, a P/E ratio of 22.80 and a beta of 1.13. The stock has a 50-day simple moving average of $57.89 and a 200-day simple moving average of $49.31.
Several analysts have commented on FIZZ shares. Zacks Investment Research upgraded National Beverage from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Friday, June 19th. ValuEngine cut National Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. BidaskClub upgraded National Beverage from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Guggenheim lifted their price target on National Beverage from $34.00 to $38.00 and gave the company a “sell” rating in a report on Monday, May 18th. Finally, Cfra cut National Beverage to a “sell” rating in a report on Monday, June 15th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.40.
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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