National Beverage (NASDAQ:FIZZ) released its quarterly earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.13, Briefing.com reports. The firm had revenue of $293.40 million during the quarter, compared to analysts’ expectations of $295.89 million. National Beverage had a return on equity of 31.71% and a net margin of 12.99%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS.
Shares of National Beverage stock traded down $3.60 during trading on Thursday, reaching $77.90. The stock had a trading volume of 621,050 shares, compared to its average volume of 298,836. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 27.29 and a beta of 1.32. The stock has a fifty day moving average price of $70.14 and a two-hundred day moving average price of $56.89. National Beverage has a 52 week low of $35.71 and a 52 week high of $86.26.
Several research firms have recently commented on FIZZ. Cfra cut National Beverage to a “sell” rating in a research note on Monday, June 15th. Guggenheim lifted their target price on National Beverage from $34.00 to $38.00 and gave the company a “sell” rating in a research note on Monday, May 18th. Zacks Investment Research raised National Beverage from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research note on Wednesday, July 8th. Finally, BidaskClub upgraded National Beverage from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $47.25.
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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