National Beverage (NASDAQ:FIZZ – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09), Zacks reports. The company had revenue of $330.66 million during the quarter, compared to analyst estimates of $342.08 million. National Beverage had a net margin of 15.56% and a return on equity of 32.20%.
National Beverage Stock Up 1.2%
NASDAQ:FIZZ traded up $0.37 on Thursday, reaching $30.91. The company’s stock had a trading volume of 355,705 shares, compared to its average volume of 340,086. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 15.77 and a beta of 0.78. National Beverage has a 12-month low of $30.01 and a 12-month high of $40.65. The stock has a 50 day moving average price of $31.88 and a 200 day moving average price of $33.88.
National Beverage Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Thursday, July 30th. Investors of record on Monday, July 13th were given a $3.25 dividend. The ex-dividend date was Monday, July 13th.
Institutional Investors Weigh In On National Beverage
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. UBS Group reiterated a “sell” rating and issued a $32.00 price objective (down from $33.00) on shares of National Beverage in a report on Friday, September 4th. Weiss Ratings cut shares of National Beverage from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $32.00.
Read Our Latest Research Report on FIZZ
National Beverage Company Profile
National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.
Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.
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