National Beverage (NASDAQ:FIZZ) Posts Earnings Results, Beats Estimates By $0.01 EPS

National Beverage (NASDAQ:FIZZ) announced its quarterly earnings data on Thursday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01, Yahoo Finance reports. National Beverage had a net margin of 14.83% and a return on equity of 36.10%. The firm had revenue of $329.47 million during the quarter.

National Beverage Stock Performance

NASDAQ:FIZZ traded up $0.20 during mid-day trading on Friday, hitting $45.05. 288,076 shares of the company’s stock traded hands, compared to its average volume of 175,596. The company has a market cap of $4.22 billion, a PE ratio of 23.84 and a beta of 0.82. The firm’s 50 day simple moving average is $48.24 and its 200 day simple moving average is $47.78. National Beverage has a 1 year low of $42.85 and a 1 year high of $53.58.

National Beverage Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, June 24th were given a $3.25 dividend. The ex-dividend date was Monday, June 24th. This is a positive change from National Beverage’s previous dividend of $3.00.

Wall Street Analysts Forecast Growth

Separately, UBS Group lifted their price target on shares of National Beverage from $47.00 to $48.00 and gave the company a “sell” rating in a research report on Friday, June 28th.

Insider Buying and Selling at National Beverage

In other news, Director Cecil D. Conlee sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $50.11, for a total transaction of $501,100.00. Following the completion of the transaction, the director now directly owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other National Beverage news, Director Stanley Michael Sheridan sold 16,000 shares of National Beverage stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $51.81, for a total value of $828,960.00. Following the completion of the sale, the director now directly owns 76,508 shares of the company’s stock, valued at approximately $3,963,879.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cecil D. Conlee sold 10,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the transaction, the director now directly owns 56,480 shares in the company, valued at approximately $2,830,212.80. The disclosure for this sale can be found here. Insiders own 75.00% of the company’s stock.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.