Wall Street analysts expect SodaStream International Ltd. (NASDAQ:SODA) to post $135.07 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SodaStream International’s earnings, with the lowest sales estimate coming in at $134.13 million and the highest estimate coming in at $136.00 million. SodaStream International reported sales of $124.23 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The firm is expected to report its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that SodaStream International will report full year sales of $135.07 million for the current year, with estimates ranging from $524.00 million to $524.30 million. For the next fiscal year, analysts forecast that the firm will post sales of $552.63 million per share, with estimates ranging from $542.26 million to $563.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SodaStream International.
SodaStream International (NASDAQ:SODA) last released its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. The firm had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS.
SODA has been the subject of several research analyst reports. Zacks Investment Research lowered SodaStream International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $60.00 price target (up previously from $58.00) on shares of SodaStream International in a research note on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target on shares of SodaStream International in a research note on Wednesday, April 26th. ValuEngine raised SodaStream International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered SodaStream International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. SodaStream International has a consensus rating of “Buy” and a consensus target price of $60.75.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in SodaStream International by 105.6% in the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock valued at $142,000 after buying an additional 55,479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in SodaStream International during the first quarter valued at approximately $151,000. Caxton Associates LP bought a new position in SodaStream International during the first quarter valued at approximately $243,000. Private Advisory Group LLC bought a new position in SodaStream International during the first quarter valued at approximately $246,000. Finally, Segall Bryant & Hamill LLC bought a new position in SodaStream International during the first quarter valued at approximately $262,000. Hedge funds and other institutional investors own 48.50% of the company’s stock.
Shares of SodaStream International (NASDAQ:SODA) opened at 58.88 on Friday. SodaStream International has a 52-week low of $23.77 and a 52-week high of $63.25. The stock’s 50 day moving average price is $55.81 and its 200-day moving average price is $51.66. The company has a market capitalization of $1.28 billion, a P/E ratio of 21.82 and a beta of 1.20.
SodaStream International Company Profile
SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).
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