National Beverage (NASDAQ:FIZZ) announced its quarterly earnings results on Thursday. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.03), Briefing.com reports. The company had revenue of $263.57 million for the quarter, compared to analyst estimates of $272.85 million. National Beverage had a return on equity of 39.35% and a net margin of 13.89%. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the company posted $1.04 earnings per share.
Shares of NASDAQ:FIZZ traded down $0.65 during trading on Friday, hitting $40.00. 6,908 shares of the company were exchanged, compared to its average volume of 312,042. The business’s 50 day moving average is $42.31 and its 200-day moving average is $51.07. The company has a market capitalization of $1.89 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 8.00 and a beta of 1.29. National Beverage has a 1-year low of $39.40 and a 1-year high of $127.32.
Several brokerages have recently issued reports on FIZZ. Imperial Capital reiterated an “outperform” rating and set a $65.00 price target (down from $150.00) on shares of National Beverage in a report on Monday, July 1st. Jefferies Financial Group lowered their price target on shares of National Beverage from $34.00 to $33.00 and set an “underperform” rating for the company in a report on Thursday, June 27th. Maxim Group reiterated a “hold” rating on shares of National Beverage in a report on Thursday, June 27th. Cfra downgraded shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Tuesday, June 11th. Finally, Guggenheim upped their price target on shares of National Beverage to $45.00 and gave the stock a “sell” rating in a report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. National Beverage presently has a consensus rating of “Hold” and an average price target of $57.88.
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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