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

National Beverage (NASDAQ:FIZZ) posted its quarterly earnings results on Thursday. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01, Yahoo Finance reports. The business 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 Stock Performance

Shares of FIZZ opened at $45.05 on Friday. The business’s 50-day moving average is $48.24 and its two-hundred day moving average is $47.78. The company has a market capitalization of $4.22 billion, a P/E ratio of 23.84 and a beta of 0.82. National Beverage has a fifty-two week low of $42.85 and a fifty-two week high of $53.58.

National Beverage Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, June 24th were given a dividend of $3.25 per share. The ex-dividend date of this dividend was Monday, June 24th. This is an increase from National Beverage’s previous dividend of $3.00.

Insider Activity

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

Wall Street Analyst Weigh In

Separately, UBS Group lifted their target price on National Beverage from $47.00 to $48.00 and gave the stock 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.