Fevertree Drinks (LON:FEVR) Issues Earnings Results

Fevertree Drinks (LON:FEVR) posted its quarterly earnings results on Thursday. The company reported GBX 9.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%.

Fevertree Drinks Stock Up 1.4%

Shares of FEVR stock traded up GBX 10.50 during trading hours on Friday, hitting GBX 779. 6,201,008 shares of the company were exchanged, compared to its average volume of 750,547. The company has a debt-to-equity ratio of 1.89, a quick ratio of 3.21 and a current ratio of 3.16. Fevertree Drinks has a one year low of GBX 711 and a one year high of GBX 973. The business’s 50-day simple moving average is GBX 830.05 and its two-hundred day simple moving average is GBX 821.73. The stock has a market capitalization of £868.62 million, a price-to-earnings ratio of 41.84, a P/E/G ratio of -4.51 and a beta of 1.14.

Analysts Set New Price Targets

Several research firms recently weighed in on FEVR. Jefferies Financial Group lifted their target price on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, July 30th. Berenberg Bank reissued a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Fevertree Drinks presently has an average rating of “Hold” and an average target price of GBX 920.

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.