Gold prices bounce off 3-week lows; demand likely longer term
Stanley M. Sheridan, a director at National Beverage Corp (NASDAQ:FIZZ), has recently sold 8,000 shares of the company’s common stock. The transaction took place on April 15, with shares sold at an average price of $43.40, totaling approximately $347,200. The sale occurred with the stock trading at a P/E ratio of 21.7x and a market capitalization of $4.1 billion. According to InvestingPro analysis, the stock is currently fairly valued. Following this sale, Sheridan holds 62,408 shares directly. This move was disclosed in a Form 4 filed with the Securities and Exchange Commission. National Beverage, known for its LaCroix sparkling water, is based in Ft. Lauderdale, Florida. The company maintains strong financial health with a profit score of 4.33 out of 5 on InvestingPro, which offers 8 additional key insights about FIZZ’s financial performance.
In other recent news, National Beverage reported earnings per share of $0.42 for the third quarter, missing analyst expectations by one cent. The company’s revenue fell short of forecasts, coming in at $267 million, down 1.1% year-over-year, and $11.1 million below consensus estimates. This decline in revenue was attributed to challenging weather conditions and wildfires in key markets, which negatively impacted sales volumes. Despite these setbacks, National Beverage’s gross margin improved by 120 basis points to 37.1%, surpassing consensus expectations.
CFRA analyst Garrett Nelson downgraded the price target for National Beverage shares from $50 to $42, maintaining a Hold rating. This adjustment was based on a downward revision of earnings per share estimates and recent performance metrics. Nelson noted that the company’s sales volume decreased by 3.4%, although there was a slight offset from a 2.2% increase in average sales price. The analyst also revised the EPS forecast, lowering it to $1.98 for FY 2025 and $2.05 for FY 2026.
National Beverage highlighted positive results for the trailing twelve months, with net sales rising to $1.2 billion and net income increasing by 10% to $186 million. Operating profit for this period grew by 8% to $231 million. The company emphasized its ongoing marketing efforts and teased a potential innovation in the sparkling water category, describing it as a possible "game changer." As of January 25, National Beverage held $149 million in cash on its balance sheet but did not provide specific forward guidance in its earnings release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.