National Beverage Corp. (FIZZ) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. FIZZ said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.41. The company posted revenue of $203.20 million in the period, compared to analysts expectations of $197.00 million. FIZZ’s revenue was up 13.7% compared to the same quarter last year.
Many Wall Street Analysts have commented on National Beverage Corp.. Credit Suisse Initiated National Beverage Corp. on Sep 16, 2016 to “Neutral”, Price Target of the shares are set at $55.
National Beverage Corp. opened for trading at $50.19 and hit $50.59 on the upside on Tuesday, eventually ending the session at $50.43, with a gain of 0.16% or 0.08 points. The heightened volatility saw the trading volume jump to 2,75,547 shares. Company has a market cap of $2,348 M.
In a different news, on Sep 25, 2015, Cecil D Conlee (director) purchased 1,600 shares at $28.38 per share price.
National Beverage Corp. (National Beverage) is a holding company. The Company is engaged in the development manufacturing marketing and sale of a portfolio of flavored beverage products. The Company’s primary market focus is the United States and its products are also distributed in Canada Mexico the Caribbean Latin America the Pacific Rim Asia and Europe. The Company’s brands include beverages for the active and health-conscious consumer (Power+ Brands) including sparkling waters energy drinks and shots juices and enhanced beverages and carbonated soft drinks in a variety of flavors including regular sugar-free and reduced-calorie options. In addition the Company produces soft drinks for certain retailers such as allied brands. The Company’s non-alcoholic beverage products include sparkling waters spring water enhanced water energy drinks and shots functional beverages and sports drinks juice and juice drinks teas and lemonades and carbonated soda.