National Beverage Corp. (FIZZ) Announces Quarterly Earnings Results
National Beverage Corp. (NASDAQ:FIZZ) posted its quarterly earnings data on Wednesday. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ 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 earned $203.20 million during the quarter, compared to the consensus estimate of $197 million. The firm’s quarterly revenue was up 13.7% on a year-over-year basis.
National Beverage Corp. (NASDAQ:FIZZ) opened at 50.49 on Thursday. National Beverage Corp. has a 1-year low of $32.35 and a 1-year high of $64.73. The company has a 50-day moving average price of $48.51 and a 200 day moving average price of $52.48. The firm has a market capitalization of $2.35 billion, a P/E ratio of 32.37 and a beta of 0.56.
The company also recently disclosed a dividend, which will be paid on Friday, January 27th. Investors of record on Monday, November 28th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd.
Separately, Credit Suisse Group AG began coverage on National Beverage Corp. in a research note 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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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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