National Beverage Corp. (NASDAQ:FIZZ) Expected to Post Quarterly Sales of $252.90 Million

Equities research analysts expect that National Beverage Corp. (NASDAQ:FIZZ) will report $252.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Beverage’s earnings. National Beverage posted sales of $260.71 million during the same quarter last year, which suggests a negative year over year growth rate of 3%. The company is expected to announce its next earnings report on Thursday, December 5th.

According to Zacks, analysts expect that National Beverage will report full year sales of $961.25 million for the current fiscal year, with estimates ranging from $942.80 million to $979.70 million. For the next year, analysts forecast that the company will post sales of $938.90 million, with estimates ranging from $878.50 million to $999.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover National Beverage.

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

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of National Beverage from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Guggenheim reduced their target price on shares of National Beverage from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Monday. Jefferies Financial Group reduced their target price on shares of National Beverage from $32.00 to $30.00 and set an “underperform” rating for the company in a research report on Monday, November 11th. UBS Group reduced their target price on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Finally, ValuEngine cut shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. National Beverage presently has an average rating of “Hold” and a consensus price target of $44.36.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Resources Investment Advisors LLC. bought a new stake in National Beverage during the second quarter worth about $45,000. Tower Research Capital LLC TRC lifted its position in National Beverage by 28,600.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the company’s stock worth $51,000 after purchasing an additional 1,144 shares during the period. Advisory Services Network LLC lifted its position in National Beverage by 357.3% during the second quarter. Advisory Services Network LLC now owns 1,445 shares of the company’s stock worth $65,000 after purchasing an additional 1,129 shares during the period. Advisor Group Inc. lifted its position in National Beverage by 107.2% during the second quarter. Advisor Group Inc. now owns 3,050 shares of the company’s stock worth $136,000 after purchasing an additional 1,578 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in National Beverage during the third quarter worth about $155,000. 35.50% of the stock is owned by institutional investors and hedge funds.

Shares of National Beverage stock traded up $0.46 during trading on Tuesday, reaching $45.17. The company’s stock had a trading volume of 7,504 shares, compared to its average volume of 607,264. The business’s 50-day moving average price is $46.18 and its 200-day moving average price is $45.59. The firm has a market cap of $2.07 billion, a PE ratio of 15.06, a P/E/G ratio of 8.94 and a beta of 1.26. National Beverage has a 52 week low of $38.28 and a 52 week high of $94.82. The company has a quick ratio of 2.50, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

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

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