National Beverage Corp. (NASDAQ:FIZZ) Expected to Post Quarterly Sales of $272.10 Million

Equities research analysts forecast that National Beverage Corp. (NASDAQ:FIZZ) will announce $272.10 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for National Beverage’s earnings, with the lowest sales estimate coming in at $269.20 million and the highest estimate coming in at $275.00 million. National Beverage posted sales of $292.59 million during the same quarter last year, which would indicate a negative year over year growth rate of 7%. The firm is expected to report its next earnings results on Thursday, September 5th.

On average, analysts expect that National Beverage will report full year sales of $971.75 million for the current fiscal year, with estimates ranging from $963.80 million to $979.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $967.10 million, with estimates ranging from $934.90 million to $999.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for National Beverage.

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

A number of research analysts have commented on the stock. TheStreet cut shares of SYNNEX from a “b” rating to a “c+” rating in a research report on Tuesday, April 2nd. UBS Group decreased their target price on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research report on Tuesday, June 4th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 16th. Cfra cut 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. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 target price (down previously from $150.00) on shares of National Beverage in a research report on Monday, July 1st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.88.

NASDAQ FIZZ traded up $0.06 during trading hours on Friday, reaching $43.28. The company had a trading volume of 2,974 shares, compared to its average volume of 403,732. The firm has a 50-day moving average price of $43.49. National Beverage has a 1-year low of $40.05 and a 1-year high of $127.32. The company has a market capitalization of $1.99 billion, a PE ratio of 14.39, a P/E/G ratio of 8.40 and a beta of 1.31.

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new stake in shares of National Beverage during the first quarter worth about $25,000. Royce & Associates LP acquired a new stake in shares of National Beverage during the first quarter worth about $42,000. Private Capital Group LLC acquired a new stake in shares of National Beverage during the first quarter worth about $59,000. Lindbrook Capital LLC lifted its position in shares of National Beverage by 15.4% during the first quarter. Lindbrook Capital LLC now owns 1,500 shares of the company’s stock worth $86,000 after purchasing an additional 200 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of National Beverage during the fourth quarter worth about $236,000. 24.90% of the stock is currently owned by institutional investors and hedge funds.

About National Beverage

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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