Fevertree Drinks (LON:FEVR) Announces Earnings Results

Fevertree Drinks (LON:FEVR) released its earnings results on Thursday. The company reported GBX 9.50 earnings per share 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 Down 5.6%

LON FEVR traded down GBX 45.50 during midday trading on Thursday, hitting GBX 772. 834,796 shares of the company traded hands, compared to its average volume of 718,679. The company has a market cap of £860.82 million, a PE ratio of 41.46, a price-to-earnings-growth 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. Fevertree Drinks has a 52 week low of GBX 711 and a 52 week high of GBX 973. The company’s 50-day simple moving average is GBX 831.22 and its 200-day simple moving average is GBX 823.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Berenberg Bank reiterated 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 raised 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 research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Fevertree Drinks 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.