National Beverage Corp
by Michael VodickaSeptember 14, 2011 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
National Beverage Corp, together with its subsidiaries, develops, sells and distributes a line of beverage products in the United States. The company was founded in 1985 and has a market cap of $739 million.
FIZZ has been a steady player over the last few months in a very volatile market, supported by strong Q2 results from mid July that included big gains from last year.
Revenue for the period was up marginally from last year to $152 million. Net income was up 20% from last year to $11 million, producing earnings of 24 cents per share.
National Beverage also continues to maintain a strong balance sheet, with cash and short-term investments of $21 million and total debt of just $18 million.
We saw some decent movement in estimates off the good quarter, with the current year adding 5% to 97 cents. The next-year estimate is pegged at $1.05, a solid 8% growth projection.
But in spite of the gains FIZZ still looks reasonably priced, trading with a forward P/E of 16X, a discount to its peer average of 20X.
On the chart, FIZZ has been steady in the choppy market, recently hitting a new 52-week high. Look for support from the trend line on any weakness, take a look below.
Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Momentum Trader Service.
Please login to Zacks.com or register to post a comment.