Britvic (BVIC) Issues Earnings Results, Beats Estimates By $2.50 EPS

Britvic (LON:BVIC) posted its quarterly earnings results on Thursday. The company reported GBX 56.30 ($0.74) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 53.80 ($0.70) by GBX 2.50 ($0.03), Digital Look Earnings reports.

Shares of Britvic stock opened at GBX 845.50 ($11.05) on Friday. Britvic has a 52 week low of GBX 633.50 ($8.28) and a 52 week high of GBX 839 ($10.96).

The business also recently disclosed a dividend, which will be paid on Monday, February 4th. Stockholders of record on Thursday, December 6th will be paid a GBX 20.30 ($0.27) dividend. The ex-dividend date is Thursday, December 6th. This is an increase from Britvic’s previous dividend of $7.90. This represents a dividend yield of 2.47%.

BVIC has been the subject of several analyst reports. Goldman Sachs Group lowered their price objective on Britvic from GBX 765 ($10.00) to GBX 761 ($9.94) and set a “neutral” rating for the company in a research note on Thursday, September 6th. Deutsche Bank reissued a “buy” rating on shares of Britvic in a research note on Friday, October 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 900 ($11.76) price objective on shares of Britvic in a research note on Tuesday, August 14th. UBS Group reissued a “buy” rating and issued a GBX 870 ($11.37) price objective on shares of Britvic in a research note on Thursday. Finally, Shore Capital reissued a “hold” rating on shares of Britvic in a research note on Tuesday, October 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 853 ($11.15).

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Britvic Company Profile

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. The company offers soft drinks comprising sparkling sodas, juice drinks, ice tea, squash, syrups, mineral water, mixers, energy drinks, liquid concentrates, and ready-to-drink nectar drinks under the 7Up, Ballygowan, Britvic, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R Whites, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade brands.

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