Fevertree Drinks (LON:FEVR) Releases Quarterly Earnings Results

Fevertree Drinks (LON:FEVR) released its quarterly earnings data on Thursday. The company reported GBX 9.50 earnings per share 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 Trading Down 6.0%

Shares of FEVR traded down GBX 49 during trading hours on Thursday, hitting GBX 768.50. The company had a trading volume of 929,304 shares, compared to its average volume of 719,222. The firm has a market cap of £856.92 million, a P/E ratio of 41.27, a P/E/G ratio of -4.51 and a beta of 1.14. The stock’s 50 day moving average price is GBX 831.22 and its 200 day moving average price is GBX 823.32. The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70. Fevertree Drinks has a 52-week low of GBX 711 and a 52-week high of GBX 973.

Wall Street Analyst Weigh In

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