National Beverage (NASDAQ:FIZZ) announced its quarterly earnings results on Thursday. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01, Fidelity Earnings reports. The company had revenue of $260.71 million during the quarter, compared to analyst estimates of $273.40 million. National Beverage had a return on equity of 51.15% and a net margin of 15.90%.

Shares of FIZZ stock traded up $1.09 during trading hours on Friday, reaching $85.39. The company had a trading volume of 71,866 shares, compared to its average volume of 199,538. National Beverage has a twelve month low of $81.54 and a twelve month high of $127.32. The firm has a market cap of $3.94 billion, a P/E ratio of 26.77 and a beta of 1.11.

The business also recently announced a special dividend, which will be paid on Tuesday, January 29th. Stockholders of record on Friday, November 30th will be paid a $2.90 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from National Beverage’s previous special dividend of $1.50.

A number of equities research analysts have recently issued reports on the company. Susquehanna Bancshares lowered their target price on National Beverage from $155.00 to $148.00 and set a “positive” rating for the company in a research note on Thursday, September 6th. BidaskClub upgraded National Beverage from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Guggenheim assumed coverage on National Beverage in a research note on Thursday, September 13th. They issued a “sell” rating and a $91.00 target price for the company. Imperial Capital increased their target price on National Beverage from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research lowered National Beverage from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $99.75.

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National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix C├║rate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

Further Reading: Earnings Reports

Earnings History for National Beverage (NASDAQ:FIZZ)

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