Fevertree Drinks (LON:FEVR) Posts Quarterly Earnings Results

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

Fevertree Drinks Stock Performance

Shares of LON:FEVR opened at GBX 768.50 on Friday. The company has a market capitalization 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 firm’s 50 day simple moving average is GBX 830.47 and its 200 day simple moving average is GBX 822.03. The company has a debt-to-equity ratio of 1.70, a current ratio of 3.57 and a quick ratio of 3.21. Fevertree Drinks has a fifty-two week low of GBX 711 and a fifty-two week high of GBX 973.

Analysts Set New Price Targets

FEVR has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday, July 30th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 780 target price on shares of Fevertree Drinks in a report on Tuesday, June 16th. One 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 stock currently has a consensus rating of “Hold” and a consensus price target of GBX 920.

Fevertree Drinks Company Profile

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.