National Beverage Corp. (NASDAQ:FIZZ) Expected to Post Earnings of $0.74 Per Share

Equities research analysts expect National Beverage Corp. (NASDAQ:FIZZ) to report earnings per share of $0.74 for the current quarter, Zacks reports. Two analysts have made estimates for National Beverage’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.68. National Beverage posted earnings of $1.04 per share during the same quarter last year, which indicates a negative year over year growth rate of 28.8%. The business is expected to report its next quarterly earnings report on Thursday, September 5th.

According to Zacks, analysts expect that National Beverage will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.50 to $2.57. For the next financial year, analysts forecast that the firm will report earnings of $2.45 per share, with EPS estimates ranging from $2.19 to $2.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover National Beverage.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). National Beverage had a net margin of 13.89% and a return on equity of 39.35%. The firm had revenue of $239.91 million during the quarter, compared to the consensus estimate of $232.10 million.



A number of equities research analysts recently issued reports on the company. UBS Group raised National Beverage from a “sell” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $48.00 in a research report on Tuesday, June 4th. Zacks Investment Research lowered National Beverage from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 16th. Guggenheim lifted their target price on National Beverage to $45.00 and gave the company a “sell” rating in a research report on Thursday, May 30th. Imperial Capital reissued an “outperform” rating and issued a $65.00 target price (down previously from $150.00) on shares of National Beverage in a research report on Monday, July 1st. Finally, Cfra downgraded National Beverage from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Tuesday, June 11th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $57.88.

Several institutional investors have recently bought and sold shares of FIZZ. Kayne Anderson Rudnick Investment Management LLC grew its position in National Beverage by 1.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock worth $49,019,000 after acquiring an additional 14,979 shares during the last quarter. Eukles Asset Management bought a new stake in shares of National Beverage in the 1st quarter valued at about $196,000. RK Asset Management LLC grew its position in shares of National Beverage by 37.1% in the 2nd quarter. RK Asset Management LLC now owns 180,101 shares of the company’s stock valued at $8,038,000 after buying an additional 48,733 shares during the last quarter. GMT Capital Corp bought a new stake in shares of National Beverage in the 1st quarter valued at about $4,820,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of National Beverage in the 1st quarter valued at about $319,000. 25.18% of the stock is owned by institutional investors.

Shares of NASDAQ FIZZ traded up $1.31 during mid-day trading on Friday, reaching $42.69. 390,700 shares of the company’s stock were exchanged, compared to its average volume of 567,710. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 8.08 and a beta of 1.27. The business has a fifty day simple moving average of $43.32 and a 200 day simple moving average of $54.28. National Beverage has a twelve month low of $40.05 and a twelve month high of $127.32.

About National Beverage

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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Earnings History and Estimates for National Beverage (NASDAQ:FIZZ)

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