National Beverage (NASDAQ:FIZZ) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

National Beverage (NASDAQ:FIZZ) announced its earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01, Yahoo Finance reports. The firm had revenue of $329.47 million for the quarter. National Beverage had a return on equity of 36.10% and a net margin of 14.83%.

National Beverage Price Performance

NASDAQ FIZZ opened at $45.05 on Friday. The stock’s 50 day simple moving average is $48.24 and its 200-day simple moving average is $47.78. The company has a market cap of $4.22 billion, a PE ratio of 23.84 and a beta of 0.82. National Beverage has a 1-year low of $42.85 and a 1-year high of $53.58.

National Beverage Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 24th. Shareholders of record on Monday, June 24th were paid a dividend of $3.25 per share. This is a positive change from National Beverage’s previous dividend of $3.00. The ex-dividend date of this dividend was Monday, June 24th.

Insider Buying and Selling

In other National Beverage news, Director Cecil D. Conlee sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the transaction, the director now owns 56,480 shares in the company, valued at approximately $2,830,212.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Cecil D. Conlee sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $50.11, for a total transaction of $501,100.00. Following the completion of the sale, the director now owns 56,480 shares of the company’s stock, valued at approximately $2,830,212.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stanley Michael Sheridan sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $51.81, for a total transaction of $828,960.00. Following the completion of the transaction, the director now directly owns 76,508 shares in the company, valued at $3,963,879.48. The disclosure for this sale can be found here. 75.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, UBS Group increased their price objective on shares of National Beverage from $47.00 to $48.00 and gave the company a “sell” rating in a report on Friday, June 28th.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.