Fevertree Drinks (LON:FEVR) Issues Earnings Results

Fevertree Drinks (LON:FEVR) issued 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 Price Performance

FEVR traded down GBX 49 during midday trading on Thursday, reaching GBX 768.50. 929,304 shares of the company’s stock were exchanged, compared to its average volume of 719,222. Fevertree Drinks has a one year low of GBX 711 and a one year high of GBX 973. The firm has a market capitalization of £856.92 million, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of -4.51 and a beta of 1.14. The business has a 50-day simple moving average of GBX 831.22 and a two-hundred day simple moving average of 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.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 780 target price on shares of Fevertree Drinks in a research note on Tuesday, June 16th. Jefferies Financial Group increased 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 research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.