Britvic (BVIC) Releases Earnings Results, Beats Expectations By $1.90 EPS

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

BVIC stock traded up GBX 9.50 ($0.13) during midday trading on Friday, reaching GBX 825 ($11.07). 2,907,041 shares of the company’s stock traded hands, compared to its average volume of 919,319. Britvic has a 52 week low of GBX 633.50 ($8.50) and a 52 week high of GBX 839 ($11.26).

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

A number of research firms recently commented on BVIC. Numis Securities reaffirmed a “hold” rating and issued a GBX 815 ($10.94) price target on shares of Britvic in a report on Friday. Citigroup reaffirmed a “buy” rating and issued a GBX 870 ($11.67) price target on shares of Britvic in a report on Tuesday. Societe Generale raised shares of Britvic to a “buy” rating and lifted their price target for the stock from GBX 680 ($9.12) to GBX 945 ($12.68) in a report on Thursday. Jefferies Group lowered their price target on shares of Britvic from GBX 800 ($10.73) to GBX 780 ($10.47) and set a “hold” rating on the stock in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 810 ($10.87) target price on shares of Britvic in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Britvic presently has an average rating of “Buy” and an average price target of GBX 856.11 ($11.49).

About Britvic

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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