National Beverage (NASDAQ:FIZZ) released its earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.13, Briefing.com reports. National Beverage had a net margin of 12.99% and a return on equity of 31.71%. The firm had revenue of $293.40 million during the quarter, compared to analyst estimates of $295.89 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year.
FIZZ stock traded down $3.60 during trading on Thursday, hitting $77.90. The company had a trading volume of 621,050 shares, compared to its average volume of 298,836. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 27.29 and a beta of 1.32. The business has a 50 day moving average of $70.14 and a 200 day moving average of $56.89. National Beverage has a fifty-two week low of $35.71 and a fifty-two week high of $86.26.
Several research firms have weighed in on FIZZ. Guggenheim boosted their target price on shares of National Beverage from $34.00 to $38.00 and gave the company a “sell” rating in a research note on Monday, May 18th. BidaskClub raised shares of National Beverage from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Cfra downgraded shares of National Beverage to a “sell” rating in a report on Monday, June 15th. Finally, Zacks Investment Research raised shares of National Beverage from a “hold” rating to a “strong-buy” rating and set a $76.00 price target for the company in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus 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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