National Beverage (NASDAQ:FIZZ) issued its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10), Fidelity Earnings reports. The company had revenue of $239.91 million for the quarter, compared to analysts’ expectations of $232.10 million. National Beverage had a return on equity of 38.40% and a net margin of 13.89%.
FIZZ stock opened at $44.63 on Friday. The firm has a fifty day simple moving average of $48.17. National Beverage has a 12 month low of $40.05 and a 12 month high of $127.32. The stock has a market cap of $2.08 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 8.81 and a beta of 1.41.
Several analysts have recently weighed in on FIZZ shares. Cfra downgraded shares of National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Tuesday, June 11th. Maxim Group upgraded shares of National Beverage from a “sell” rating to a “hold” rating and set a $46.15 price objective for the company in a research report on Monday, June 3rd. Guggenheim downgraded shares of National Beverage from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $72.00 to $45.00 in a research report on Friday, March 8th. BidaskClub upgraded shares of National Beverage from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, Jefferies Financial Group started coverage on shares of National Beverage in a research report on Tuesday, May 14th. They set an “underperform” rating and a $45.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $70.02.
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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