Britvic (BVIC) Posts Quarterly Earnings Results, Beats Estimates By $1.90 EPS

Britvic (LON:BVIC) released its earnings results on Wednesday. The company reported GBX 21.20 ($0.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 19.30 ($0.26) by GBX 1.90 ($0.03), Bloomberg Earnings reports. Britvic had a return on equity of 51.61% and a net margin of 9.31%.

Britvic remained flat at $GBX 825 ($11.07) during trading hours on Friday, according to MarketBeat. The company’s stock had a trading volume of 1,295,666 shares, compared to its average volume of 919,319. Britvic has a 1 year low of GBX 633.50 ($8.50) and a 1 year high of GBX 839 ($11.26).

The business also recently announced a dividend, which will be paid on Friday, July 13th. Shareholders of record on Thursday, May 31st will be given a GBX 7.90 ($0.11) dividend. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 31st.

BVIC has been the topic of several research reports. Morgan Stanley raised Britvic to an “overweight” rating and upped their price target for the company from GBX 680 ($9.12) to GBX 870 ($11.67) in a research report on Thursday, March 8th. Shore Capital reissued a “sell” rating on shares of Britvic in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised Britvic to an “overweight” rating and dropped their price target for the company from GBX 870 ($11.67) to GBX 810 ($10.87) in a research report on Friday, April 6th. Goldman Sachs Group upped their price target on Britvic from GBX 760 ($10.20) to GBX 765 ($10.26) and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, Numis Securities reissued a “hold” rating and set a GBX 785 ($10.53) price target on shares of Britvic in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 856.11 ($11.49).

Britvic Company Profile

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. The company offers soft drinks comprising sparkling sodas, juice drinks, ice tea, squash, syrups, mineral water, mixers, energy drinks, liquid concentrates, and ready-to-drink nectar drinks under the 7Up, Ballygowan, Britvic, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R Whites, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade brands.

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