Fevertree Drinks (LON:FEVR) Announces Quarterly Earnings Results

Key Points

• Fevertree Drinks reported earnings per share of GBX 6.85 for the quarter, alongside a return on equity of 9.30% and a net margin of 6.05%.
• The company's stock price increased by 9.0% following the earnings announcement, with shares opening at GBX 845.
• Fevertree Drinks has a market capitalization of £1.00 billion and a debt-to-equity ratio of 1.50.

Fevertree Drinks (LON:FEVR - Get Free Report) announced its earnings results on Thursday. The company reported GBX 6.85 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Fevertree Drinks had a net margin of 6.05% and a return on equity of 9.30%.

Fevertree Drinks Trading Down 3.4%

Shares of Fevertree Drinks stock traded down GBX 31 during trading hours on Tuesday, hitting GBX 884. The company's stock had a trading volume of 710,269 shares, compared to its average volume of 583,836. Fevertree Drinks has a 1-year low of GBX 608.50 and a 1-year high of GBX 1,020. The business has a fifty day moving average of GBX 892.06 and a 200 day moving average of GBX 846.57. The company has a market capitalization of £1.05 billion, a PE ratio of 4,239.81, a P/E/G ratio of -4.51 and a beta of 1.07. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50.

Insiders Place Their Bets

In related news, insider Kevin Havelock acquired 37,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was bought at an average cost of GBX 846 per share, with a total value of £313,020. 12.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a "neutral" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the company a "buy" rating in a research note on Thursday, September 11th. Finally, Jefferies Financial Group reissued a "hold" rating and set a GBX 900 price objective on shares of Fevertree Drinks in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Fevertree Drinks presently has an average rating of "Hold" and a consensus price target of GBX 863.33.

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.