Zacks: Brokerages Anticipate National Beverage Corp. (NASDAQ:FIZZ) to Announce $0.66 Earnings Per Share

Analysts expect that National Beverage Corp. (NASDAQ:FIZZ) will report earnings of $0.66 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for National Beverage’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.70. National Beverage posted earnings per share of $0.88 in the same quarter last year, which suggests a negative year over year growth rate of 25%. The firm is scheduled to report its next earnings results on Thursday, December 5th.

On average, analysts expect that National Beverage will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.44 to $2.57. For the next fiscal year, analysts expect that the firm will post earnings of $2.43 per share, with EPS estimates ranging from $2.15 to $2.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover National Beverage.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). National Beverage had a return on equity of 35.66% and a net margin of 12.85%. The company had revenue of $263.57 million for the quarter, compared to the consensus estimate of $272.85 million. During the same quarter last year, the business earned $1.04 EPS. National Beverage’s revenue was down 9.9% on a year-over-year basis.

A number of equities analysts have commented on FIZZ shares. Maxim Group restated a “hold” rating on shares of National Beverage in a research note on Thursday, June 27th. Imperial Capital restated an “outperform” rating and set a $65.00 price objective (down previously from $150.00) on shares of National Beverage in a research note on Monday, July 1st. BidaskClub upgraded National Beverage from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. UBS Group lowered their price objective on National Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Finally, ValuEngine upgraded National Beverage from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $57.31.

Institutional investors and hedge funds have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of National Beverage by 1.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock valued at $49,019,000 after purchasing an additional 14,979 shares during the last quarter. GAM Holding AG bought a new position in shares of National Beverage in the 2nd quarter valued at $448,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of National Beverage by 191.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,125 shares of the company’s stock valued at $720,000 after purchasing an additional 10,600 shares during the last quarter. RK Asset Management LLC increased its stake in shares of National Beverage by 37.1% in the 2nd quarter. RK Asset Management LLC now owns 180,101 shares of the company’s stock valued at $8,038,000 after purchasing an additional 48,733 shares during the last quarter. Finally, Bbva USA Bancshares Inc. bought a new position in shares of National Beverage in the 2nd quarter valued at $245,000. Institutional investors own 32.99% of the company’s stock.

National Beverage stock traded up $0.30 during mid-day trading on Wednesday, reaching $46.14. 10,221 shares of the company were exchanged, compared to its average volume of 440,567. The company has a fifty day simple moving average of $43.68 and a 200-day simple moving average of $47.78. National Beverage has a 12 month low of $38.28 and a 12 month high of $105.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.50. The firm has a market cap of $2.28 billion, a PE ratio of 15.36, a PEG ratio of 9.74 and a beta of 1.32.

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 Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Earnings History and Estimates for National Beverage (NASDAQ:FIZZ)

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