National Beverage Corp. (FIZZ) Posts Earnings Results, Beats Estimates By $0.12 EPS
National Beverage Corp. (NASDAQ:FIZZ) posted its quarterly earnings data on Wednesday. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. The company earned $203.20 million during the quarter, compared to analysts’ expectations of $197 million. National Beverage Corp. had a net margin of 9.93% and a return on equity of 35.97%. The firm’s 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, hitting $50.49. 416,548 shares of the stock were exchanged. National Beverage Corp. has a 12-month low of $32.35 and a 12-month high of $64.73. The firm has a market cap of $2.35 billion, a P/E ratio of 32.37 and a beta of 0.56. The stock’s 50 day moving average is $48.51 and its 200 day moving average is $52.48.
The business also recently announced a dividend, which will be paid on Friday, January 27th. Stockholders of record on Monday, November 28th will be paid a $1.50 dividend. The ex-dividend date is Wednesday, November 23rd.
Separately, Credit Suisse Group AG started coverage on shares of National Beverage Corp. in a research report on Thursday, September 15th. They issued a “neutral” rating and a $55.00 price objective for the company. They noted that the move was a valuation call.
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National Beverage Corp. Company Profile
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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