Fevertree Drinks (LON:FEVR) Announces Earnings Results

Fevertree Drinks (LON:FEVR) posted its quarterly earnings results on Thursday. The company reported GBX 9.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fevertree Drinks had a net margin of 6.95% and a return on equity of 9.32%.

Fevertree Drinks Price Performance

Shares of FEVR stock traded down GBX 49 during trading hours on Thursday, reaching GBX 768.50. 929,304 shares of the company were exchanged, compared to its average volume of 719,222. Fevertree Drinks has a fifty-two week low of GBX 711 and a fifty-two week high of GBX 973. The stock’s fifty day moving average is GBX 830.47 and its two-hundred day moving average is GBX 822.03. The company has a market cap of £856.92 million, a price-to-earnings ratio of 41.27, a P/E/G ratio of -4.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a current ratio of 3.57 and a quick ratio of 3.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FEVR. Berenberg Bank reissued a “hold” rating and set a GBX 780 price objective on shares of Fevertree Drinks in a report on Tuesday, June 16th. Jefferies Financial Group upped their target price on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 920.

About Fevertree Drinks

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.