Britvic (BVIC) Posts Earnings Results, Beats Estimates By $2.50 EPS

Britvic (LON:BVIC) posted its quarterly earnings results on Thursday. The company reported GBX 56.30 ($0.74) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 53.80 ($0.70) by GBX 2.50 ($0.03), Digital Look Earnings reports.

LON BVIC opened at GBX 845.50 ($11.05) on Friday. Britvic has a twelve month low of GBX 633.50 ($8.28) and a twelve month high of GBX 839 ($10.96).

The company also recently declared a dividend, which will be paid on Monday, February 4th. Shareholders of record on Thursday, December 6th will be given a dividend of GBX 20.30 ($0.27) per share. This is an increase from Britvic’s previous dividend of $7.90. The ex-dividend date is Thursday, December 6th. This represents a yield of 2.47%.



A number of brokerages recently issued reports on BVIC. Deutsche Bank increased their price objective on Britvic from GBX 940 ($12.28) to GBX 970 ($12.67) and gave the stock a “buy” rating in a research report on Friday. UBS Group reiterated a “buy” rating and issued a GBX 870 ($11.37) price objective on shares of Britvic in a research report on Thursday. Goldman Sachs Group lowered their price objective on Britvic from GBX 765 ($10.00) to GBX 761 ($9.94) and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Societe Generale lowered their price target on Britvic from GBX 980 ($12.81) to GBX 937 ($12.24) and set a “buy” rating on the stock in a research report on Thursday, August 9th. Finally, Jefferies Financial Group raised their price target on Britvic from GBX 780 ($10.19) to GBX 850 ($11.11) and gave the company a “hold” rating in a research report on Monday, August 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 853 ($11.15).

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About Britvic

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. The company offers soft drinks comprising sparkling sodas, juice drinks, ice tea, squash, syrups, mineral water, mixers, energy drinks, liquid concentrates, and ready-to-drink nectar drinks under the 7Up, Ballygowan, Britvic, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R Whites, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade brands.

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