National Beverage Corp. (FIZZ) Posts Earnings Results, Beats Estimates By $0.12 EPS
National Beverage Corp. (NASDAQ:FIZZ) released its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.12. National Beverage Corp. had a return on equity of 35.97% and a net margin of 9.93%. The firm had revenue of $203.20 million for the quarter, compared to analyst estimates of $197 million. The company’s quarterly revenue was up 13.7% on a year-over-year basis.
Shares of National Beverage Corp. (NASDAQ:FIZZ) traded up 0.12% during midday trading on Wednesday, reaching $50.49. The company’s stock had a trading volume of 416,548 shares. The company has a market capitalization of $2.35 billion, a P/E ratio of 32.37 and a beta of 0.56. National Beverage Corp. has a 1-year low of $32.35 and a 1-year high of $64.73. The stock has a 50 day moving average of $48.51 and a 200-day moving average of $52.48.
The firm also recently disclosed a dividend, which will be paid on Friday, January 27th. Shareholders of record on Monday, November 28th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd.
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Separately, Credit Suisse Group AG assumed coverage on National Beverage Corp. in a report on Thursday, September 15th. They set a “neutral” rating and a $55.00 price target on the stock. They noted that the move was a valuation call.
About National Beverage Corp.
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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