Britvic plc (OTCMKTS:BTVCY) to Post FY2022 Earnings of $1.32 Per Share, Jefferies Financial Group Forecasts

Britvic plc (OTCMKTS:BTVCY – Get Rating) – Equities research analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for Britvic in a research note issued on Monday, June 20th. Jefferies Financial Group analyst E. Mundy now forecasts that the company will post earnings per share of $1.32 for the year, down from their previous estimate of $1.41. The consensus estimate for Britvic’s current full-year earnings is $1.41 per share. Jefferies Financial Group also issued estimates for Britvic’s FY2023 earnings at $1.42 EPS and FY2024 earnings at $1.54 EPS.

BTVCY has been the topic of several other reports. Morgan Stanley raised shares of Britvic from an “equal weight” rating to an “overweight” rating in a research note on Thursday, June 9th. JPMorgan Chase & Co. decreased their price target on shares of Britvic from GBX 1,120 ($13.72) to GBX 1,000 ($12.25) in a research note on Friday, March 25th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

BTVCY stock opened at $19.73 on Thursday. Britvic has a one year low of $19.05 and a one year high of $29.19. The company’s 50 day moving average price is $21.00 and its two-hundred day moving average price is $22.67. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.08 and a quick ratio of 0.84.

The company also recently announced a dividend, which will be paid on Monday, July 18th. Stockholders of record on Thursday, June 2nd will be issued a $0.176 dividend. This represents a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, June 1st.

Britvic Company Profile (Get Rating)

Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, and energy and flavored drinks.

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