National Beverage (NASDAQ:FIZZ) released its quarterly earnings results on Thursday. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01, Fidelity Earnings reports. National Beverage had a net margin of 16.33% and a return on equity of 50.08%. The firm had revenue of $260.71 million during the quarter, compared to the consensus estimate of $273.40 million.
Shares of National Beverage stock opened at $83.68 on Friday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 26.23 and a beta of 1.11. National Beverage has a one year low of $81.54 and a one year high of $127.32.
The company also recently disclosed a special dividend, which will be paid on Tuesday, January 29th. Shareholders of record on Friday, November 30th will be given a dividend of $2.90 per share. The ex-dividend date is Thursday, November 29th. This is an increase from National Beverage’s previous special dividend of $1.50.
Several analysts recently commented on FIZZ shares. Zacks Investment Research upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Susquehanna Bancshares upped their price target on shares of National Beverage from $141.00 to $155.00 and gave the company a “positive” rating in a research report on Tuesday, August 28th. BidaskClub downgraded shares of National Beverage from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. Finally, Imperial Capital upped their price objective on shares of National Beverage from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, September 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $99.75.
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About National Beverage
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 Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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