National Beverage (NASDAQ:FIZZ) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

National Beverage (NASDAQ:FIZZ) released its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03), Zacks reports. The firm had revenue of $267.05 million during the quarter, compared to analysts’ expectations of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

National Beverage Stock Performance

NASDAQ FIZZ opened at $40.87 on Friday. The company has a market capitalization of $3.83 billion, a P/E ratio of 20.54 and a beta of 0.87. National Beverage has a one year low of $38.25 and a one year high of $53.48. The stock has a 50 day moving average price of $41.45 and a 200-day moving average price of $44.69.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on shares of National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, February 27th.

Insider Activity

In other news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 74.80% of the company’s stock.

About National Beverage

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.