Fevertree Drinks (LON:FEVR) Announces Quarterly Earnings Results

Fevertree Drinks (LON:FEVRGet Free Report) posted its quarterly earnings data on Thursday. The company reported GBX 9.50 EPS for the quarter, Digital Look Earnings reports. Fevertree Drinks had a net margin of 6.95% and a return on equity of 9.32%.

Fevertree Drinks Stock Performance

Shares of LON:FEVR traded down GBX 40.50 during midday trading on Thursday, hitting GBX 777. The company’s stock had a trading volume of 825,278 shares, compared to its average volume of 718,625. The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.21 and a current ratio of 3.57. The stock’s 50 day simple moving average is GBX 831.22 and its 200 day simple moving average is GBX 823.32. The stock has a market capitalization of £866.39 million, a price-to-earnings ratio of 41.73, a PEG ratio of -4.51 and a beta of 1.14. Fevertree Drinks has a fifty-two week low of GBX 711 and a fifty-two week high of GBX 973.

Wall Street Analysts Forecast Growth

FEVR has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 780 price target on shares of Fevertree Drinks in a report on Tuesday, June 16th. Jefferies Financial Group increased their price target on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fevertree Drinks currently has an average rating of “Hold” and a consensus target price of GBX 920.

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Fevertree Drinks Company Profile

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Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.

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