Fevertree Drinks (LON:FEVR) Releases Quarterly Earnings Results

Fevertree Drinks (LON:FEVR) posted its earnings results on Thursday. The company reported GBX 9.50 earnings per share for the quarter, Digital Look Earnings reports. Fevertree Drinks had a net margin of 6.95% and a return on equity of 9.32%.

Fevertree Drinks Price Performance

Shares of LON FEVR opened at GBX 772 on Friday. The company has a 50 day simple moving average of GBX 830.47 and a two-hundred day simple moving average of GBX 822.03. Fevertree Drinks has a fifty-two week low of GBX 711 and a fifty-two week high of GBX 973. The company has a market capitalization of £860.82 million, a price-to-earnings ratio of 41.46, a P/E/G ratio of -4.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.21 and a current ratio of 3.57.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FEVR shares. Jefferies Financial Group boosted their target price on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday, July 30th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 780 target price on shares of Fevertree Drinks in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.