Fevertree Drinks (LON:FEVR) Announces Earnings Results

Fevertree Drinks (LON:FEVR) released its quarterly earnings results on Tuesday. The company reported GBX 18.78 earnings per share for the quarter, Digital Look Earnings reports. Fevertree Drinks had a return on equity of 9.91% and a net margin of 7.41%.

Fevertree Drinks Stock Up 6.8%

Shares of LON:FEVR traded up GBX 51 during midday trading on Tuesday, reaching GBX 805. The company had a trading volume of 2,143,779 shares, compared to its average volume of 550,630. Fevertree Drinks has a 1-year low of GBX 691 and a 1-year high of GBX 1,020. The stock has a market cap of £929.90 million, a PE ratio of 38.01, a P/E/G ratio of -4.51 and a beta of 1.09. The company has a quick ratio of 3.21, a current ratio of 4.44 and a debt-to-equity ratio of 2.44. The business’s 50 day moving average price is GBX 890.15 and its 200 day moving average price is GBX 852.19.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 946.67.

About Fevertree Drinks

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.