Fevertree Drinks (LON:FEVR) Posts Quarterly Earnings Results

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

Fevertree Drinks Stock Up 6.8%

Shares of FEVR traded up GBX 51 during midday trading on Tuesday, hitting GBX 805. The stock had a trading volume of 2,143,779 shares, compared to its average volume of 550,630. The firm has a market cap of £929.90 million, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of -4.51 and a beta of 1.09. The company has a 50 day simple moving average of GBX 890.15 and a two-hundred day simple moving average of GBX 852.19. Fevertree Drinks has a twelve month low of GBX 691 and a twelve month high of GBX 1,020. The company has a debt-to-equity ratio of 2.44, a current ratio of 4.44 and a quick ratio of 3.21.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on shares of Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock 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.