FY2020 EPS Estimates for National Beverage Corp. Lowered by Analyst (NASDAQ:FIZZ)

National Beverage Corp. (NASDAQ:FIZZ) – Equities research analysts at Jefferies Financial Group dropped their FY2020 earnings estimates for National Beverage in a report issued on Thursday, December 5th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will earn $2.39 per share for the year, down from their prior estimate of $2.41. Jefferies Financial Group has a “Underperform” rating and a $30.00 price objective on the stock. Jefferies Financial Group also issued estimates for National Beverage’s FY2021 earnings at $1.99 EPS and FY2022 earnings at $1.92 EPS.

FIZZ has been the topic of several other research reports. Zacks Investment Research downgraded shares of National Beverage from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. ValuEngine cut shares of National Beverage from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. BidaskClub raised shares of National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, November 23rd. Finally, UBS Group decreased their price target on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. National Beverage currently has an average rating of “Hold” and a consensus target price of $46.69.

FIZZ opened at $54.06 on Monday. National Beverage has a 1-year low of $38.28 and a 1-year high of $88.28. The company has a current ratio of 3.12, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 9.69 and a beta of 1.30. The business has a 50 day moving average of $46.34 and a 200-day moving average of $45.10.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. National Beverage had a return on equity of 35.34% and a net margin of 12.10%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $250.12 million. During the same period in the previous year, the business posted $0.88 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of FIZZ. GAM Holding AG acquired a new stake in shares of National Beverage during the 2nd quarter worth approximately $448,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in National Beverage by 191.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,125 shares of the company’s stock worth $720,000 after purchasing an additional 10,600 shares during the period. Bank of America Corp DE boosted its stake in National Beverage by 27.4% during the second quarter. Bank of America Corp DE now owns 17,900 shares of the company’s stock worth $799,000 after buying an additional 3,851 shares in the last quarter. Morgan Stanley boosted its stake in National Beverage by 314.4% during the second quarter. Morgan Stanley now owns 588,296 shares of the company’s stock worth $26,255,000 after buying an additional 446,322 shares in the last quarter. Finally, Bbva USA Bancshares Inc. bought a new stake in National Beverage in the 2nd quarter valued at $245,000. 35.30% of the stock is owned by hedge funds and other institutional investors.

National Beverage Company Profile

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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